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Record Nr. |
UNINA9910788697403321 |
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Autore |
Mercereau Benoît |
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Titolo |
Financial Integration in Asia : : Estimating the Risk-Sharing Gains for Australia and Other Nations / / Benoît Mercereau |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-1649-2 |
1-4527-9553-3 |
1-283-51849-X |
1-4519-0980-2 |
9786613830944 |
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Descrizione fisica |
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1 online resource (22 p.) |
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Collana |
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Soggetti |
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Finance - Asia |
Monetary policy - Asia |
Exports and Imports |
Finance: General |
Investments: Stocks |
Macroeconomics |
General Financial Markets: General (includes Measurement and Data) |
International Investment |
Long-term Capital Movements |
Pension Funds |
Non-bank Financial Institutions |
Financial Instruments |
Institutional Investors |
Macroeconomics: Consumption |
Saving |
Wealth |
Current Account Adjustment |
Short-term Capital Movements |
Finance |
International economics |
Investment & securities |
Financial integration |
Foreign assets |
Stocks |
Consumption |
Capital account |
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International finance |
Investments, Foreign |
Economics |
Balance of payments |
Hong Kong Special Administrative Region, People's Republic of China |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. FINANCIAL INTEGRATION REDUCES RISK""; ""III. ESTIMATION METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""Appendix. Data Sources and Construction""; ""References"" |
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Sommario/riassunto |
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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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