 | Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design Author/Editor: Vybhavi Balasundharam, Olivier Basdevant, Dalmacio Benicio, Andrew Ceber, Yujin Kim, Luca Mazzone, Hoda Selim, Yongzheng Yang. Release Date:March, 2023 Surges in public debt in many countries since the COVID-19 pandemic have rekindled interest in fiscal consolidations, which often entail difficult policy choices in the face of economic and political more...
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 | Financial Inclusion in Asia-Pacific Author/Editor: Elena Loukoianova, Yongzheng Yang, Si Guo, Leni Hunter, Sarwat Jahan, Fazurin Jamaludin, Umang Rawat, Johanna Schauer, Piyaporn Sodsriwiboon, Yiqun Wu. Release Date:September, 2018 Asia has made significant progress in financial inclusion, but both its across-country and intra-country disparities are among the highest in the world. The gaps between the rich and the poor, rural more...
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| The Real Exchange Rate : Assessment and Trade Impact in the Context of Fiji and Samoa Author/Editor: Jan Gottschalk, Carl Miller, Lanieta Rauqeuqe, Isoa Wainiqolo, Yongzheng Yang. Release Date:August, 2016 This paper provides an assessment of real exchange rate measures and their impact on trade performance with special reference to two Pacific island countries, Fiji and Samoa. The analysis shows that more...
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| Pacific Island Countries: In Search of a Trade Strategy Author/Editor: Hong Chen, Lanieta Rauqeuqe, Shiu raj Singh, Yiqun Wu, Yongzheng Yang. Release Date:August, 2014 International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been weak over the past decade with the exception of resource-rich countries. Small more...
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| The Pacific Speed of Growth: How Fast Can It Be and What Determines It? Author/Editor: Yongzheng Yang, Hong Chen, Shiu raj Singh, Baljeet Singh. Release Date:May, 2013 This study aims to test within a relatively homogeneous group of small states whatdifferentiates the growth performance of Pacific island countries (PICs) from their peers. Wefind that PICs are more...
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 | BRICs’ Philosophies for Development Financing and Their Implications for LICs Author/Editor: Nkunde Mwase, Yongzheng Yang. Release Date:March, 2012 Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding more...
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| Low-Income Countries' BRIC Linkage : Are there Growth Spillovers? Author/Editor: Issouf Samaké, Yongzheng Yang. Release Date:November, 2011 Trade and financial ties between low-income countries (LICs) and Brazil, Russia, India, and China (BRICs) have expanded rapidly in recent years. This gives rise to the potential for growth to spill more...
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| Global Rebalancing : Implications for Low-Income Countries Author/Editor: Yongzheng Yang. Release Date:October, 2011 While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations more...
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| Monetary Policy Transmission Mechanisms in Pacific Island Countries Author/Editor: Jonathan C. Dunn, Matt Davies, Yongzheng Yang, Yiqun Wu, Shengzu Wang. Release Date:April, 2011 During the global financial crisis, central banks in Pacific island countries eased monetary policy to stimulate economic activity. Judging by the ensuing movements in commercial bank interest rates more...
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 | Creating Policy Space in Low-Income Countries during the Recent Crises Release Date:March, 2010 Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund more...
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