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Finacial integration in Asia : Development and Korea's role

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  • Finacial integration in Asia
  • Park, Young-Joon
  • Korea Economic Institute


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Title Finacial integration in Asia
Similar Titles
Sub Title

Development and Korea's role

Material Type Articles
Author(English)

Park, Young-Joon

Publisher

[Seoul]:Korea Economic Institute

Date 2012
Journal Title; Vol./Issue Korea’s role in Asian integration:
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic Administration
Holding Korea Economic Institute

Abstract

Since the Asian financial crisis in 1997-98, financial integration in Asia has been induced by collective intra-regional initiatives. It has manifested in various aspect, including gradual financial liberalization, increasing cross-border capital flows, establishing regional financial safety nets, and developing local currency bond markets. While financial deregulation and capital account liberalization has made progress. Asian countries have experienced sudden stops or sharp capital reversals due to external shocks and currency instability. (The rest omitted)