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Finacial integration in Asia : Development and Korea's role
- Finacial integration in Asia
- Park, Young-Joon
- Korea Economic Institute
| Title |
Finacial integration in Asia
Similar Titles
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|---|---|
| Sub Title | Development and Korea's role |
| Material Type | Article |
| 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 |
| License |  |
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)
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