Financial Integration in Asia: Recent Developments and Next Steps

Author/Editor:

Leslie E Teo ; David Cowen ; Hemant Shah ; Ranil M Salgado ; Alessandro Zanello

Publication Date:

August 1, 2006

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This Working Paper brings together three papers prepared as background for discussions at the Second High-Level Conference on Asian Integration cohosted by the Monetary Authority of Singapore and the IMF on May 25, 2006. The first documents recent trends in the intraregional flow of goods and capital and explores linkages between real and financial integration. The second focuses on the institutional and regulatory reforms needed to reap the benefits-and contain the risks-of financial integration in Asia. The third considers the implications of economic integration for the choice of the exchange rate regime and the conduct of macroeconomic policies.

Series:

Working Paper No. 2006/196

Subject:

Banking Capital markets Currencies Exchange rates Financial integration Financial markets Financial services Foreign exchange Money Trade balance

English

Publication Date:

August 1, 2006

ISBN/ISSN:

9781451864564/1018-5941

Stock No:

WPIEA2006196

Pages:

61

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