Financial Integration in Asia
Financial Integration in Asia
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亚洲金融一体化
DOI:
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发表时间:
2008
期刊:
影响因子:
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通讯作者:
D. Mayes
中科院分区:
文献类型:
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作者:
D. Mayes
This paper explores the progress of financial integration in
Asia by comparison with the EU. In the process of
development the Asian countries have focused more on access
to the main markets of the world than to each other. Only
more recently after the experience of unwelcome contagion in
the crises of 1997-8 has there been a concerted effort to
develop instruments to promote greater financial stability in
the face of external shocks. Many initiatives are currently
underway to improve regional financial integration and there
is a movement to achieve monetary integration. However, the
region is very heterogenous and inequalities in size and
development will make full integration difficult. The process
is thus likely to be drawn out but there is a clear direction.