Arbeitspapier | Working paper
Developing regional financial markets – the case of East Asia
"The paper explores the extent and benefits of financial integration in East Asia. It presents evidence that the extent of financial integration in East Asia is less extensive than the aggregate data suggests. The paper then addresses why some countries are integrated more than others and discusses the obstacles to regional financial integration. The paper points out that East Asia’s growth strategy has shaped bank centric financial systems. An important thesis presented in the paper is that reliance on bank-based intermediation has hindered financial integration. The prospects for regional financial integration would be improved greatly if governments would step back from the tradition of massive government involvement and allow market forces to play a greater role. The paper finally explores what can be done to improve the process of regional financial integration. A simple first step will be to harmonise the regulatory framework for non bank financial institutions." (author's abstract)
- ISBN
-
978-3-88985-406-3
- Umfang
-
Seite(n): 24
- Sprache
-
Englisch
- Anmerkungen
-
Status: Veröffentlichungsversion
- Erschienen in
-
DIE Discussion Paper (18/2008)
- Thema
-
Wirtschaft
Öffentliche Finanzen und Finanzwissenschaft
Volkswirtschaftslehre
Finanzverfassung
Kreditinstitut
regionale Integration
Ostasien
Wachstum
Finanzwirtschaft
Bankgewerbe
Finanzmarkt
Asien
Quantität
empirisch
anwendungsorientiert
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pomerleano, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Entwicklungspolitik gGmbH
- (wo)
-
Deutschland, Bonn
- (wann)
-
2008
- URN
-
urn:nbn:de:0168-ssoar-194068
- Rechteinformation
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Letzte Aktualisierung
-
21.06.2024, 16:26 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Pomerleano, Michael
- Deutsches Institut für Entwicklungspolitik gGmbH
Entstanden
- 2008
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