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Financial Integration in Asia : Estimating the Risk-Sharing Gains for Australia and Other Nations / Benoît Mercereau.
- Format:
- Book
- Government document
- Author/Creator:
- Mercereau, Benoît.
- Series:
- IMF Working Papers; Working Paper ; No. 2006/267
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Finance--Asia.
- Finance.
- Monetary policy--Asia.
- Monetary policy.
- Physical Description:
- 1 online resource (22 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2006.
- Language Note:
- English
- Summary:
- Holding foreign assets reduces the volatility of a country's income by allowing countries to share risk. Yet, financial integration is limited in Asia. This paper estimates how much Australia and other countries in the Asia-Pacific region would gain from greater financial integration. The results suggest that these welfare gains are large, which argues in favor of a progressive capital account liberalization across the region.
- Contents:
- ""Contents""; ""I. INTRODUCTION""; ""II. FINANCIAL INTEGRATION REDUCES RISK""; ""III. ESTIMATION METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""Appendix. Data Sources and Construction""; ""References""
- Notes:
- "December 2006."
- Includes bibliographical references.
- Description based on print version record.
- ISBN:
- 9786613830944
- 9781462316496
- 1462316492
- 9781452795539
- 1452795533
- 9781283518499
- 128351849X
- 9781451909807
- 1451909802
- OCLC:
- 694141260
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