Financial Integration in Asia; Estimating the Risk-Sharing Gains for Australia and Other Nations

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.

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Year of publication:	2006-12-01
Authors:	Mercereau, Benoît
Institutions:	International Monetary Fund (IMF)
Subject:	Risk management \| Capital account liberalization \| Foreign investment \| Financial systems \| financial integration \| foreign assets \| recession \| international economic order \| prudential regulation \| economic integration \| international financial statistics \| financial liberalization \| international investment

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 06/267 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005605415