Asia’s digitalization push is increasingly focused on growth, inclusion, regional trade and investment, and financial resilience amid a fragmenting global economy. Across the region, digitalization is already strengthening intraregional trade, supply-chain management, and new forms of financial access. Digital platforms, e-customs, digital certificates, and logistics technologies are making it easier for firms to participate in […]
Author Archives: Cynyoung Park
Financial Stability
Climate Risk Is Financial Risk: Why Asia’s Central Banks Cannot Wait and How They Should Respond
15
Sep
Sep
Climate risks are intensifying while transition progress remains too slow. Against the backdrop, central banks face the practical challenge of containing the financial stability risks of delayed transition while enabling markets to fund credible pathways forward. Climate change can weaken banks, disrupt markets, raise sovereign risk, and undermine macroeconomic performance. For Asia-Pacific, the exposure is […]
AI, Macroeconomics and Monetary Policy
AI Adoption, Regional Productivity, and Inflation: Evidence from Korea and Implications for Monetary Policy
28
Aug
Aug
The relationship between artificial intelligence (AI), productivity, and inflation is complex and multifaceted. AI adoption is expected to significantly raise productivity, therefore increasing aggregate output in the long run. However, AI-related spending could increase consumption and investment even before productivity gains materialized. Inflation responses to AI adoption also depends on the expectations of households and […]
Macroeconomics and Monetary Policy
Policy Lessons for Central Banks: High-Level Policy Roundtable on War, Oil Shocks, and Trade Restrictions
21
May
May
This blog post is based on the policy roundtable held on 15 May 2026, featuring panellists Professor Danny Quah, Professor Shang-Jin Wei, Professor Joseph Cherian, and Associate Professor Jamie Cross. In the age of geoeconomics, major economies increasingly use their power, market influence, and cross-border interdependence to advance national and strategic goals. Tariffs, sanctions, export […]
Human Capital, Leadership
Central Banks as Architects of Resilience: Why Governance, Independence, and Law Matter More Than Ever
05
May
May
The world of central banking is being reshaped at an unprecedented pace. Technological disruption, climate-related risks, and shifting geoeconomic dynamics are not only redefining the operating environment, but also fundamentally altering what is expected of central banks. In this context, central banks are increasingly called upon to act as “architects of resilience,” navigating a multitude […]