Ocean tourism contributes significantly to the economy of the Philippines, an archipelagic nation with one of the longest coastlines in the world and one of the best marine environments in terms of biodiversity. This paper aims to explore how ocean tourism and economic development intertwine in...

The growth rebalancing model, which places the nontradable services sector on center stage, is important to spur on faster growth in this sector and tap its potential to become another engine of growth for ASEAN economies. While ASEAN countries have allocated the bulk of their fiscal stimulus...

The building and construction sectors contribute about 38% of the greenhouse gas (GHG) emissions and account for 35% of the total energy consumption. With the growing population (especially in developing Asia) and increasing income, the demand for construction and building will continue to rise,...

Financial inclusion (FI) for vulnerable populations, such as women, is critical for achieving gender equality, women's empowerment, and thereby inclusive growth. In this regard, the use of digital financial services is of particular significance for women as it allows them easier access to...

This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007 - 2009: (1) the improved capital requirements intended to reduce the risk of bank failure ("Basel III"), (2) the improved recovery and resolution regimes for...

This paper is an attempt to explain the changes to finance sector reforms under the Dodd-Frank Act in the United States and Basel III requirements globally; their unintended consequences; and lessons for currently fast-growing emerging markets concerning finance sector reforms, government...

Using the 2011 China Household Finance Survey (CHFS) database, we explore the heterogeneous impacts of social networks on informal financial inclusion for urban and rural households in the PRC. We find that social networks significantly increase the probability of households' participation in...

Placing the Asian economies onto a sustainable development pathway requires an unprecedented shift in investment away from greenhouse gas, fossil fuel and natural resource intensive industries towards more resource efficient technologies and business models. The financial sector will have to...

We summarize the major findings of empirical studies that examine the effect of banking development on innovation and highlight their relative contributions to our understanding of the various roles the banking sector plays in determining innovation. We reassess the effect of banking development...

The global green bond market has grown rapidly in recent years, increasing from $ 3 billion in 2012 to over $ 100 billion in 2017.1 Given the broad acceptance and strong demand from investors, green bonds have emerged as an important financing solution, raising finance for climate change...