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Record Nr. |
UNINA9910821805503321 |
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Autore |
Mercereau Benoit |
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Titolo |
Financial integration in Asia : estimating the risk-sharing gains for Australia and other nations / / prepared by Benoit 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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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (22 p.) |
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Collana |
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IMF working paper ; ; WP/06/267 |
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Soggetti |
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Finance - Asia |
Monetary policy - Asia |
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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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