Finance and Macroeconomy

ERIA looks into issues related to macroeconomic policies including fiscal policies, monetary policies, international economic integrations, free trade agreements, trade barriers, trade facilitation, and international investment protection. Additionally, ERIA also investigate impacts of globalisation, economic shocks, financial crises, and foreign output shocks, among many others. Furthermore, ERIA also conducts various research on social security system, country risk, regional cooperation, market integrations, exports and imports, and many more.
Regional Integration in Indo-Pacific: Connectivity, Cooperation, and New Supply-Chain Linkages
31 March 2023
The evolving economic architecture in the Indo-Pacific rests squarely on the post-war construct of the Asia-Pacific, which is undergoing changes in the established patterns of … Read More
Impact of the Regional Comprehensive Economic Partnership (RCEP): A Global Computable General Equilibrium (CGE) Simulation
21 October 2022
This study estimates the potential economic effects of the Regional Comprehensive Economic Partnership (RCEP) by using a recursively dynamic computable general equilibrium (CGE) model, which … Read More
Regional Comprehensive Economic Partnership, ASEAN’s Agency, and the Role of ASEAN Members in Shaping the Regional Economic Order
29 September 2022
The Regional Comprehensive Economic Partnership (RCEP) – a mega free trade agreement comprising 15 countries – the 10 Association of Southeast Asian Nations (ASEAN) Member … Read More
The Comprehensive Asia Development Plan (CADP) 3.0: Towards an Integrated, Innovative, Inclusive, and Sustainable Economy
16 September 2022
The coronavirus disease (COVID-19) pandemic has caused trade disruptions; a drop in foreign direct investment; and scarring effects on poverty, education, and women in many … Read More
New Normal, New Technologies, New Financing
22 June 2022
While the coronavirus disease (COVID-19) seems to be behind us now, the scarring effects on employment, poverty, and education will last forever. Women, youth, and … Read More
Prediction Errors of Macroeconomic Indicators and Economic Shocks for ASEAN Member States, 1990‒2021
30 May 2022
In this study, economic shocks on six selected Association of Southeast Asian Nations (ASEAN) Member States (i.e. Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Viet … Read More
Understanding SME Trade Finance in ASEAN: An Overview
22 February 2022
SMEs are the most important source of employment in all ASEAN countries, but a lack of access to external sources of finance may limit their … Read More
Firms’ Financial Distress during the COVID-19 Pandemic and Fiscal Incentives
13 December 2021
The COVID-19 pandemic as an exogenous shock has affected the business sector by disrupting production and shrinking demand due to strict physical distancing. This study … Read More
13th Asia-Europe Meeting (ASEM) Summit
11 November 2021
The Asia-Europe Meeting (ASEM) is a unique cooperation initiative, bringing in scope for transnational cooperation between Partner countries, through regional and sub-regional activities. ASEM is … Read More
Policy Strategies to Strengthen the Travel and Tourism Sectors from the COVID-19 Pandemic Shocks: A Computable General Equilibrium Model for the Indonesian Economy
13 September 2021
The travel and tourism sectors have become the most vulnerable sectors to the COVID-19 pandemic. Studies have shown that most tourist-destination countries will experience economic … Read More
The Global Economic Impact of the COVID-19 Pandemic: The Second Wave and Policy Implications
09 September 2021
This paper examines the macroeconomic impact of the COVID-19 pandemic through the Computable General Equilibrium model. Due to a second wave and a subsequent delay … Read More
Central Banks' Responses to COVID-19 in ASEAN Economies
18 August 2021
The effect of the COVID-19 pandemic on public health, social life, economic conditions, and financial markets has been significant for Association of Southeast Asian Nations … Read More
Reconciling Tax and Trade Rules in the Digitalised Economy: Challenges for ASEAN and East Asia
06 August 2021
As the digital economy expands in scale, scope, and form it poses major challenges for public revenue and tax policy and administration in Asia and … Read More
Tracking the Ups and Downs in Indonesia’s Economic Activity During COVID-19 Using Mobility Index: Evidence from Provinces in Java and Bali
05 July 2021
A timely and reliable prediction of economic activities is crucial in policymaking, especially in the current COVID-19 pandemic situation, which requires real-time decisions. However, making … Read More
Summary of ERIA Research Projects 2020-2021
01 July 2021
The Summary of ERIA Research Projects 2020-2021 provides an overview of both new and ongoing projects that ERIA researchers are currently working on as of … Read More
How ASEAN Can Improve Its Response to the Economic Crisis Generated by the COVID-19 Pandemic: Inputs drawn from a comparative analysis of the ASEAN and EU responses
31 May 2021
This paper conducts a comparative review of the evolution of the economic crisis generated by the coronavirus disease (COVID-19) pandemic and the responses enacted by … Read More
Financial Market Responses to Government COVID-19 Pandemic Interventions: Empirical Evidence from South-East and East Asia
29 April 2021
This study investigates the impact of various government interventions on the spread of COVID-19 as well as stock markets in South-East and East Asia. It … Read More
Could the COVID-19 Crisis Affect Remittances and Labour Supply in ASEAN Economies? Macroeconomic Conjectures Based on the SARS Epidemic
28 April 2021
Debates on resilience to economic shocks in the ASEAN region focus on what policymakers can do to mitigate negative impacts associated with financial-economic crises. The … Read More
Financial Inclusion in Asia and Beyond Measurement, Development Gaps, and Economic Consequences
11 March 2021
The World Bank considers financial inclusion to be an enabler for at least 7 of the 17 United Nation’s sustainable development goals (SDGs). Financial inclusion, … Read More
Child Education: Rethinking Microcredit in Cambodia
16 December 2020
Conflicting and controversial conclusions about the potential effects of microcredit on socio-economic development raise concerns over the effects on child education. This study analyses the … Read More