Future of Asia’s Finance: How Can it Meet Challenges of Demographic Change and Infrastructure Needs?

 
Author/Editor: Ding Ding ; Raphael W. Lam ; Shanaka J. Peiris
 
Publication Date: July 16, 2014
 
Electronic Access: Free Full text (PDF file size is 803KB).
Use the free Adobe Acrobat Reader to view this PDF file

 
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: There is a role for Asia’s financial sector to play to address the challenges associated with the region’s changing demographics and infrastructure investment needs. Enhancing financial innovation and integration in the region could facilitate intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure investment in emerging Asia. Strengthening the financial ties within the region as well as with the global financial markets alongside appropriate prudential frameworks could also help diversify sources of financing and reduce the cost of funding in emerging Asia. Finally, financial deepening could help ease the potential overheating from scaling up infrastructure investment and hence achieve a more balanced growth in the region.
 
Series: Working Paper No. 14/126
Subject(s): Financial sector | Asia | Public investment | Infrastructure | Government expenditures | Economic integration | Capital flows | Demographic transition

 
English
Publication Date: July 16, 2014
ISBN/ISSN: 9781498321082/1018-5941 Format: Paper
Stock No: WPIEA2014126 Pages: 26
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
Please address any questions about this title to publications@imf.org