IMF Working Papers

The Impact of Global Liquidity on Financial Landscapes and Risks in the ASEAN-5 Countries

By Tao Sun

September 29, 2015

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Tao Sun. The Impact of Global Liquidity on Financial Landscapes and Risks in the ASEAN-5 Countries, (USA: International Monetary Fund, 2015) accessed December 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper analyzes the transmission of global liquidity to the ASEAN-5 countries (ASEAN-5), including the impact on financial landscapes and risks to financial stability. It finds that global liquidity transmission and changing financial landscapes have contributed to increases in risks to financial stability in ASEAN-5. Therefore, policymakers in ASEAN-5 should prepare for possible liquidity tightening, strengthen regulation of nonbanks, and establish a comprehensive financial stability framework. A number of couontries are well-advanced in this process.

Subject: Asset and liability management, Financial institutions, Financial sector policy and analysis, Financial sector risk, Financial sector stability, International liquidity, Liquidity, Securities

Keywords: ASEAN-5, Asset, Asset-to-GDP ratio, Credit-to-GDP ratio, Diminished market liquidity, Financial landscape, Financial sector risk, Financial sector stability, Financial stability, Global, Global liquidity, International liquidity, Liquidity, Liquidity shortage, Liquidity transmission, Market, Market liquidity, Nonbank, Nonbank development, Nonbanks hereafter, Securities, WP

Publication Details

  • Pages:

    36

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2015/211

  • Stock No:

    WPIEA2015211

  • ISBN:

    9781513543734

  • ISSN:

    1018-5941