 Future of Asia’s Finance: How Can it Meet Challenges of Demographic Change and Infrastructure Needs?Ding Ding, Waikei Lam and Shanaka Peiris No 2014/126, IMF Working Papers from International Monetary Fund Abstract: There is a role for Asia’s financial sector to play to address the challenges associated with the region’s changing demographics and infrastructure investment needs. Enhancing financial innovation and integration in the region could facilitate intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure investment in emerging Asia. Strengthening the financial ties within the region as well as with the global financial markets alongside appropriate prudential frameworks could also help diversify sources of financing and reduce the cost of funding in emerging Asia. Finally, financial deepening could help ease the potential overheating from scaling up infrastructure investment and hence achieve a more balanced growth in the region. Keywords: WP; Asia; saving; infrastructure investment; cost of capital; Demographic change; infrastructure financing; financial deepening; financial integration; capital and financial flows; Asia EM Asia; infrastructure gap; rate of return; Infrastructure; Aging; Domestic savings; Asia and Pacific (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2014/126 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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