By Veerathai Santiprabhob in Bangkok
Independence is one of central banks’ most important attributes, but the way they exercise this has evolved. To navigate the impact of globalised financial conditions, central banks will need to revisit their policy frameworks. Business models, consumer demand and production processes must contend with changing demographics and widening inequality gaps. With the need to address structural transformation, central banks’ narrow mandates could be under pressure, especially in emerging market economies.
Read the full commentary on the website.
The October Bulletin highlights emerging economies’ diverse prospects, aiming to add nuance to what has generally been a crudely defined asset class. Contributors assess economic policy initiatives such as financial instruments to help emerging markets adapt to climate change; developing investment data linked to environmental, social and global factors in China; and innovative funding for developing transport infrastructure in the Philippines. Key contributors include Taimur Baig from DBS Bank, and Richard Pan from China Asset Management.
Read more about The Bulletin on the website.