During decades of market development, the individual financial markets of the member economies of the Association of Southeast Asian Nations (ASEAN) have been progressively incorporated into regional and international markets. The aim of this study is to explore and measure the strength and...

This study uses the dynamic conditional correlation to investigate how technology subsector stocks interact with fnancial assets in the face of economic and fnancial uncertainty. Our results suggest that structural breaks have diverse efects on fnancial asset connectedness and that the level of...

We investigate the determinants of emerging markets performance during five U.S. Federal Reserve monetary tightening and easing cycles during 2004-2023. We study how macroeconomic and institutional conditions of an Emerging Market (EM) at the beginning of a cycle explain EM resilience during...

We investigate the impact of electrification on the economic, educational, and environmental outcomes of the Lao People's Democratic Republic (Lao PDR). We use household-level data and a novel identification scheme, whereby we instrument the electrification status with the proportion of...

Information and communication technology or digital technology helped entrepreneurs survive the coronavirus disease (COVID-19) restrictions. For instance, they shifted to online sales in the face of stringent lockdowns and mobility constraints. The enhanced resilience of entrepreneurs, in turn,...

Solar adoption exploded until 2015 in Bangladesh, setting a precedent for electrifying previously unconnected areas worldwide. This study tries to measure the welfare effects of solar adoption using the three rounds of the Bangladesh Integrated Household Surveys. We applied both ordinary least...

The financial markets of members of the Association of Southeast Asian Nations (ASEAN) have become increasingly integrated with regional and global markets. ASEAN economies also exhibit strong trade connectedness and interdependence with regional and global business cycles. Such connectedness...

This paper examines whether prudential policies help to reduce sovereign bond vulnerability to global spillover risk in ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk connectedness network among sovereign bonds. The direct...