Financial Integration in Asia: Recent Developments and Next Steps

Leslie Teo, David Cowen, Hemant Shah, Ranil Salgado and Alessandro Zanello

No 2006/196, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; trade; financial market; Asia; bank; China; exchange rate system; market infrastructure; portfolio assets; participants trading; intra-Asia trade; integration in Asia; trade openness; Financial integration; Exchange rates; Capital markets; Currencies; Asia and Pacific; Global; North America; East Asia (search for similar items in EconPapers)
Pages: 61
Date: 2006-08-01
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Citations: View citations in EconPapers (18)

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