A Survey of Financial Integration in East Asia; How Far? How Much Further to Go?

Reza Siregar, Ramkishen Rajan and Tony Cavoli ()
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Tony Cavoli: School of Economics, University of Adelaide, Australia

No 2004-01, Centre for International Economic Studies Working Papers from University of Adelaide, Centre for International Economic Studies

Abstract: This paper offers a selective survey of the recent empirical literature on financial integration, the focus being on alternative definitions of financial integration and measurement issues and results. The literatures to be reviewed have been selected primarily because their analyses have included some East Asian economies. In particular, this study concentrates on the ASEAN?5 plus 3 or APT economic group (i.e. Indonesia, Thailand, Malaysia, Philippines, Singapore, Korea, China and Japan) as well as Hong Kong and Chinese Taipei. These are the economies that have consciously attempted to intensify intraregional monetary and financial cooperation in the last few years, particularly since the East Asian crisis of 1997-98.

Keywords: Capital controls; East Asia; equity; financial integration; parity conditions. (search for similar items in EconPapers)
JEL-codes: F02 F31 F36 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2004-01
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Citations: View citations in EconPapers (20)

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