04562oam 22012374 450 991078869740332120230828230225.01-4623-1649-21-4527-9553-31-283-51849-X1-4519-0980-29786613830944(CKB)3360000000444018(EBL)3014550(SSID)ssj0000940807(PQKBManifestationID)11600657(PQKBTitleCode)TC0000940807(PQKBWorkID)10955707(PQKB)11208309(OCoLC)694141260(MiAaPQ)EBC3014550(IMF)WPIEE2006267(EXLCZ)99336000000044401820020129d2006 uf 0engur|n|---|||||txtccrFinancial Integration in Asia : Estimating the Risk-Sharing Gains for Australia and Other Nations /Benoît MercereauWashington, D.C. :International Monetary Fund,2006.1 online resource (22 p.)IMF Working Papers"December 2006."1-4518-6527-9 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. FINANCIAL INTEGRATION REDUCES RISK""; ""III. ESTIMATION METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""Appendix. Data Sources and Construction""; ""References""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.IMF Working Papers; Working Paper ;No. 2006/267FinanceAsiaMonetary policyAsiaExports and ImportsimfFinance: GeneralimfInvestments: StocksimfMacroeconomicsimfGeneral Financial Markets: General (includes Measurement and Data)imfInternational InvestmentimfLong-term Capital MovementsimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfMacroeconomics: ConsumptionimfSavingimfWealthimfCurrent Account AdjustmentimfShort-term Capital MovementsimfFinanceimfInternational economicsimfInvestment & securitiesimfFinancial integrationimfForeign assetsimfStocksimfConsumptionimfCapital accountimfInternational financeimfInvestments, ForeignimfEconomicsimfBalance of paymentsimfHong Kong Special Administrative Region, People's Republic of ChinaimfFinanceMonetary policyExports and ImportsFinance: GeneralInvestments: StocksMacroeconomicsGeneral Financial Markets: General (includes Measurement and Data)International InvestmentLong-term Capital MovementsPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsMacroeconomics: ConsumptionSavingWealthCurrent Account AdjustmentShort-term Capital MovementsFinanceInternational economicsInvestment & securitiesFinancial integrationForeign assetsStocksConsumptionCapital accountInternational financeInvestments, ForeignEconomicsBalance of paymentsMercereau Benoît1558707DcWaIMFBOOK9910788697403321Financial Integration in Asia3823301UNINA