Pacific Exchange Blog
External imbalances are one factor that can compound a country’s ability to manage its foreign debts. Across Asia, current account surpluses and large stocks of foreign exchange reserves strengthen many countries’ ability to manage their external liabilities. Though several Asian economies face current account deficits or low reserve coverage, they continue to appear more resilient compared to the situations in Argentina and Turkey.
Pacific Exchanges Podcast
In this next episode of our series Rethinking Asia, we pick up where we left off last episode looking at the role of debt in China’s economy. We spoke with Charlene Chu, a senior partner for China macro-financial research at Autonomous Research, an independent research firm. Well known for her analysis of China’s shadow banking industry, Charlene previously was a senior director covering Chinese financial institutions at Fitch Ratings.
This Asia Focus summarizes the small- and medium-sized enterprise (SME) credit gap in Asia and assesses ways certain emerging technologies and innovative business models—commonly known as “fintech”—can improve SME access to financial services in Asia and boost long-term economic growth in the process.