Financial Integration in Asia: Recent Developments and Next Steps

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

August 1, 2006

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Format: Chicago

Leslie E Teo, David Cowen, Hemant Shah, Ranil M Salgado, and Alessandro Zanello. Financial Integration in Asia: Recent Developments and Next Steps, (USA: International Monetary Fund, 2006) accessed September 18, 2024

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.

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

Keywords: Asia, Asia and Pacific, Bank, Capital markets, China, Currencies, East Asia, Exchange rate system, Exchange rates, Financial integration, Financial market, Global, Integration in Asia, Intra-Asia trade, Market infrastructure, North America, Participants trading, Portfolio assets, Trade, Trade openness, WP

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2006/196
Stock No:

WPIEA2006196
ISBN:

9781451864564
ISSN:

1018-5941

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