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Hong Kong SAR's economy is recovering strongly as ample policy space has allowed the enaction of swift and bold policy responses to address the unprecedented crisis emanating from multiple shocks, including notably the pandemic. But the recovery remains uneven, with private consumption lagging,...
Persistent link: https://www.econbiz.de/10013168843
This paper provides a detailed account of Hong Kong on the eve of its reintegration into China as a special administrative region. It analyzes recent economic development and provides a clear overview of Hong Kong's economic, financial, institutional, and political circumstances, as well a brief...
Persistent link: https://www.econbiz.de/10014406216
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"Economic growth, inflation, and interest rates have declined in Asia. Sustaining Economic Growth in Asia explores the relevance to several Asian economies of the diagnosis known as "secular stagnation." Leading experts discuss the fiscal and monetary policy challenges of reviving growth without...
Persistent link: https://www.econbiz.de/10011795983
Singapore entered the COVID-19 pandemic with sizable policy space and robust economic policy frameworks, yet facing …
Persistent link: https://www.econbiz.de/10012604417
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This 2017 Article IV Consultation highlights that Singapore's economic growth momentum has improved since late 2016 … subdued. Labor market conditions have softened with two consecutive years of weak net employment generation. Singapore …
Persistent link: https://www.econbiz.de/10011698177
This paper outlines that the banking sector remains healthy, backed by high capital, liquidity, provisioning and profitability ratios. Sector-wide nonperforming loans (NPLs) have increased slightly (to 2 percent in 2017:Q1), due largely to stresses in the Oil and Gas (O and G) services sector....
Persistent link: https://www.econbiz.de/10011698178
This Selected Issues paper develops a new calibrated model of the Singapore economy, the Singapore Global Policy MODel … to illustrate the role of the monetary policy responses of Singapore's monetary authority following a variety of domestic … rate markets, exacerbating the negative effects from Singapore's transmission mechanism and its reliance on the uncovered …
Persistent link: https://www.econbiz.de/10011689043