{
  "title": "The Changing Landscape of Financial Integration in Asia-Pacific",
  "publication": "IMF Working Papers, July 17, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863",
  "canonical": "https://www.imf.org/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863",
  "overlayPath": "/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863/index.md",
  "summary": "Asia-Pacific has undergone a profound transformation over the past few decades, increasing its share in global trade and GDP.",
  "sections": [
    {
      "heading": "Overview and Research Question",
      "content": "- Assesses whether Asia-Pacific’s expanding share in global trade and GDP has been matched by a commensurate expansion in its role in global finance.\n- Methodology:\n  - Descriptive analyses of past trends in crossborder financial positions.\n  - Network analysis to characterize evolution of inter- and intra-regional financial linkages.\n  - Gravity model analysis to test associations between trade and different types of financial flows."
    },
    {
      "heading": "Key Findings",
      "content": "- Asia-Pacific’s role in global finance still significantly lags its role in global trade.\n- Considerable heterogeneity within the region:\n  - Advanced economies in the region are well integrated into global financial markets.\n  - Most emerging markets in the region exhibit more limited financial integration.\n- Financial integration within the region is low overall but varies markedly by instrument:\n  - Intra-regional financial integration is advancing in foreign direct investment (FDI).\n  - Intra-regional cross-border banking is advancing (from low levels).\n  - Intra-regional foreign portfolio investment (FPI) has remained limited.\n- Gravity model results:\n  - Indicates a significant association between trade and FDI.\n  - Does not indicate a significant association between trade and FPI."
    },
    {
      "heading": "Policy Orientation",
      "content": "- The paper concludes with policy recommendations to promote resilient financial integration in Asia-Pacific.\n- (The source states policy recommendations are provided; specific recommendations are contained in the full paper.)\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863/index.md)",
    "[Structured JSON version](/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863/index.json)",
    "[Bundle manifest](/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863/bundle-manifest.json)",
    "Authors: Cristian Alonso, Tristan Hennig, Henry Hoyle, Haibo Li, Monica Petrescu, Ying Xu, Yizhi Xu",
    "Published: July 17, 2026",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798229055260.001",
    "Assesses whether Asia-Pacific’s expanding share in global trade and GDP has been matched by a commensurate expansion in its role in global finance.",
    "Methodology:",
    "Asia-Pacific’s role in global finance still significantly lags its role in global trade.",
    "Considerable heterogeneity within the region:",
    "Financial integration within the region is low overall but varies markedly by instrument:",
    "Gravity model results:",
    "The paper concludes with policy recommendations to promote resilient financial integration in Asia-Pacific.",
    "(The source states policy recommendations are provided; specific recommendations are contained in the full paper.)",
    "**Working Paper**"
  ],
  "related": [
    {
      "title": "Working Paper",
      "role": "paper",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/wp/2026/english/wpiea2026154-source-pdf.pdf",
      "summary": {
        "path": "/-/media/files/publications/wp/2026/english/wpiea2026154-source-pdf.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/wp/2026/english/wpiea2026154-source-pdf.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863/index.md",
    "json": "/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863/index.json",
    "bundleManifest": "/en/publications/wp/issues/2026/07/17/the-changing-landscape-of-financial-integration-in-asia-pacific-577863/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-17T03:47:55.947Z"
}