Assessing the Financial Landscape for the Association of Southeast Asian Nations Economic Community, 2015

Choong Lyol Lee and Shinji Takagi

Asia and the Pacific Policy Studies from Crawford School of Public Policy, The Australian National University

Abstract: The article assesses Association of Southeast Asian Nations (ASEAN)'s financial landscape and considers issues related to regional financial cooperation. Although the ASEAN Economic Community is expected to come into force by the end of 2015, given the large disparity between the more and the less advanced member countries, regional financial integration in ASEAN can only be an evolutionary process. Regional cooperation is needed not only to help integrate the region financially but also to manage the attendant risks. Areas of cooperation must include, among others, establishing common licensing standards for financial institutions and creating region-wide systems for deposit insurance, credit rating, financial market supervision, payment and settlement, and consumer protection.

Keywords: ASEAN Economic Community; ASEAN economic integration; ASEAN financial markets and institutions (search for similar items in EconPapers)
Pages: 14 pages
Date: 2014-12-11
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (2)

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Journal Article: Assessing the Financial Landscape for the Association of Southeast Asian Nations Economic Community, 2015 (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:een:appswp:201510

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