Focusing on Asian economies over the period 2006 to 2019, we find that while nonbank finance appears to complement rather than substitute credit provision by the traditional banking sector, weaker regulatory quality is an important driving factor. Moreover, while we find that central bank policy...

This paper examines the role of local currency bond markets (LCBMs) and foreign investor participation in these markets in capital flow volatility in emerging Asian economies over the period 1999 to 2020. Using a panel analysis and impulse response functions generated from a panel structural...

This paper studies the impacts of providing an efficient and affordable transport system within a country through the experience of the Philippines. In 2003 the roll-on/roll-off (Ro-Ro) policy was implemented to provide an integrated mode of inter-island transfer. We offer three analyses that...