Financial Integration and Rebalancing in Asia
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Summary:
The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by various measures. The paper also provides empirical evidence that greater financial integration can support economic rebalancing in statistically meaningful ways. The implication is that in the debate on managing capital inflows the longer-term benefits of financial openness for broader-based growth should not be forgotten.
Series:
Working Paper No. 2011/243
Subject:
Balance of payments Exchange rates Financial integration Financial markets Financial sector development Foreign direct investment Foreign exchange Portfolio investment
English
Publication Date:
October 1, 2011
ISBN/ISSN:
9781463922641/1018-5941
Stock No:
WPIEA2011243
Pages:
31
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