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Volz, Ulrich (2016) 'Regional Financial Integration in East Asia against the Backdrop of Recent European Experiences.' International Economic Journal, 30 (2). pp. 272-293.

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Abstract

This article discusses recent trends in regional financial integration in East Asia and current efforts of the Association of Southeast Asian Nations (ASEAN) member countries to foster regional financial integration against the backdrop of three decades of experience with financial integration in Europe. It reviews the two major crisis episodes of the recent European financial history to illustrate the risks associated with comprehensive capital account liberalisation and financial integration without commensurate supervisory structures. The article highlights the importance of targeted macroprudential policies and the development of an adequate region-wide regulatory and supervisory framework to reduce the risks associated with regional – and hence international – financial integration.

Item Type: Journal Article
Keywords: Regional financial integration; East Asia; financial stability.
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > London Asia-Pacific Centre for Social Science
Regional Centres and Institutes > Centre of South East Asian Studies
ISSN: 1743517X
DOI (Digital Object Identifier): https://doi.org/10.1080/10168737.2016.1148426
Date Deposited: 22 Mar 2016 12:27
URI: http://eprints.soas.ac.uk/id/eprint/22144

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