Asian Financial Integration : Trends and Interruptions

WPIEA2011004 Image
Price:  $18.00

Author/Editor: Eduardo Borensztein, Prakash Loungani
Release Date: © January, 2011
ISBN : 978-1-45521-182-1
Stock #: WPIEA2011004
Stock Status: On back-order

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The paper compares trends in financial integration within Asia with those in industrialized countries and other regional groups. Declines in cross-country dispersion in equity returns and interest rates suggest increased Asian integration, with the process interrupted by crises and global volatility. Cross-border equity and bond holdings have also increased, but Asian countries remain considerably more financially integrated with major countries outside the region than with those within the region. The paper also discusses whether potential benefits of regional financial integration, such as increased risk-sharing and stability of the investor base, have materialized.


Bond markets , Capital markets , Economic development , Financial crisis , Financial institutions and markets , International financial system , Investment

More publications in this series: Working Papers

More publications by: Eduardo Borensztein ; Prakash Loungani