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Regional financial integration in ASEAN in the comparative perspective

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  • Vinokurov, Evgeny

Abstract

ASEAN regional financial integration evolves within four domains: the banking sector, liberalizing foreign direct investments, liberalizing capital flows, and ensuring regional financial stability. Progress so far has been limited. Regional integration as concerns the liberalization of capital markets and, in particular, the banking sector, proceeds with the most difficulty. By most criteria, ASEAN is well positioned to benefit from deeper financial integration. Comparative analysis also demonstrates that there is a substantial ‘learning factor’ in this technically complicated field: while ASEAN learns about the EU, the Eurasian Union is taking a close look at ASEAN’s experience of integration of the financial markets.

Suggested Citation

  • Vinokurov, Evgeny, 2017. "Regional financial integration in ASEAN in the comparative perspective," MPRA Paper 83022, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:83022
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    References listed on IDEAS

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    1. Asian Development Bank (ADB), 2013. "The Road to ASEAN Financial Integration: A Combined Study on Assessing the Financial Landscape and Formulating Milestones for Monetary and Financial Integration in ASEAN," ADB Reports RPT124444, Asian Development Bank (ADB), revised 15 May 2013.
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    More about this item

    Keywords

    ASEAN; regional integration; financial integration; financial stability; capital market; foreign direct investment;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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