International financial integration of East Asia and Pacific

Tatiana Didier Brandao, Ruth Llovet Montanes, Sergio L. Schmukler, Tatiana Didier Brandao, Ruth Llovet Montanes and Sergio L. Schmukler
Authors registered in the RePEc Author Service: Sergio Schmukler

No 7772, Policy Research Working Paper Series from The World Bank

Abstract: This paper provides a comprehensive analysis of how economies in the East Asia and Pacific (EAP) region have been integrating financially with the rest of the world since the 1990s, using bilateral data on portfolio investments, syndicated bank loans, mergers and acquisitions (M&As), and greenfield investments. Four main messages emerge from the analysis. First, the region is increasingly more connected with itself and with the rest of the world, even relative to GDP. Second, although economies in the North capture the bulk of the region's inward and outward investments, EAP's connectivity with the South has grown relatively faster. Third, EAP is relatively more connected through arm's length financing (portfolio investments and syndicated loans) with the more financially developed North, and through FDI (M&A and greenfield investments) with itself and the South. Fourth, more developed EAP economies have a larger role in EAP?s arm?s length investments than in the region's FDI.

Keywords: International Trade and Trade Rules; Private Sector Development Law; Marketing; Private Sector Economics; Urban Solid Waste Management; Macroeconomic Management; Investment and Investment Climate (search for similar items in EconPapers)
Date: 2016-07-27
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: International financial integration of East Asia and Pacific (2017)
Working Paper: International Financial Integration of East Asia and Pacific (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:7772

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