Financial Integration and Rebalancing in Asia

Author/Editor:

Olaf Unteroberdoerster ; Runchana Pongsaparn

Publication Date:

October 1, 2011

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:

The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by various measures. The paper also provides empirical evidence that greater financial integration can support economic rebalancing in statistically meaningful ways. The implication is that in the debate on managing capital inflows the longer-term benefits of financial openness for broader-based growth should not be forgotten.

Series:

Working Paper No. 11/243

Subject:

English

Publication Date:

October 1, 2011

ISBN/ISSN:

9781463922641/1018-5941

Stock No:

WPIEA2011243

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

31

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