Analysis
Spotlight on sovereign wealth funds
There are now 33 state-owned investment funds in Asia, overseeing US$5.4 trillion of assets collectively. It’s not just the developed nations that have formed wealth funds. Less developed ones have followed suit, and some of them have run into controversy.
Asian CBDCs: in search of added value
Worldwide, 130 countries representing 98% of global gross domestic product, are now exploring CBDCs. But thus far, only four developing countries have introduced CBDCs but the adoption rates have been disappointing. Asian countries are experiencing similar challenges.
Time for an Asian Monetary Fund?
The idea of creating an Asian Monetary Fund is resurrected as nations reconsider the downsides of over-reliance on the US dollar.