Asia-Pacific
Geopolitics is fastest-rising research topic for economists
Research economists are most widely judged on their output of papers
Third of key models now employ endogenous financial sector
Multiple channels of monetary transmission rooted in majority models
Central banks complement traditional models with AI
Time series and semi-structural models remain economists’ choices for forecasting
Working group minutes: macro-pru calibration challenges
Many central banks are struggling to get enough data, particularly on borrowers
Working paper production linked to number of PhD economists
Central banks averaged output of roughly 10 working papers last year
Third of economics departments say staffing ‘barely sufficient’
Forecasting, policy analysis and research are economists’ top duties
Economists’ average annual salary rises
Incomes have some relation with GDP per capita and central bank size
Economics staff strength increases over two-year period
Departmental size as share of central banks’ workforce widens to 7.7%, on average
Kazakhstan makes surprise 25bp rate cut
Analyst says central bank is trying to signal that disinflationary measures are working
Asia-Pacific central banks say AI risks require ‘vigilance, agility’
MAS and BoT also sign anti-fraud MoU on sidelines of meeting involving 11 monetary authorities
Closer PBoC-CBL ties reflect China’s strategic aims, says expert
Central Bank of Libya to enter China’s payment system and bond market
Cross-border co-operation stronger for non-central bank supervisors
Roughly one-fifth of central banks lack supervisory college membership
Supervisors report capital and liquidity resilience across banks
Basel II remains most adopted global standard among respondents
People: Peru’s president-elect asks governor to stay on
Plus: Irish central bank makes senior appointments
Move to inflation targeting could boost resilience – IMF paper
Countries in Middle East and central Asia should make exchange rates more flexible, authors say
Size and business model are key elements of risk profile
Supervisors tend to inspect systemic banks once a year
Yen options dealers struggle to hedge intervention risk
Hedge funds’ bets on BoJ intervention are leaving dealers with vol-surface exposures they can’t hedge cheaply
Supervisors report sharp increase in AI adoption
Summarisation ranks as topmost area of application, with biggest use in larger teams
Credit risk is supervisors’ top priority
Climate and AI risks rank lowest across respondents
African supervisory authorities tend to lack sufficient staff
Most respondents combine banking supervision in one unit
Non-central bank authorities tend to supervise non-banks
Non-banks offering credit-like products unregulated in tenth of jurisdictions