04781oam 22013334 450 991095865590332120250426110032.0978661383094497814623164961462316492978145279553914527955339781283518499128351849X97814519098071451909802(CKB)3360000000444018(EBL)3014550(SSID)ssj0000940807(PQKBManifestationID)11600657(PQKBTitleCode)TC0000940807(PQKBWorkID)10955707(PQKB)11208309(OCoLC)694141260(MiAaPQ)EBC3014550(IMF)WPIEE2006267(IMF)WPIEA2006267WPIEA2006267(EXLCZ)99336000000044401820020129d2006 uf 0engur|n|---|||||txtccrFinancial Integration in Asia : Estimating the Risk-Sharing Gains for Australia and Other Nations /Benoît Mercereau1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (22 p.)IMF Working Papers"December 2006."9781451865271 1451865279 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 policyAsiaBalance of paymentsimfCapital accountimfConsumptionimfCurrent Account AdjustmentimfEconomicsimfExports and ImportsimfFinanceimfFinance: GeneralimfFinancial InstrumentsimfFinancial integrationimfForeign assetsimfGeneral Financial Markets: General (includes Measurement and Data)imfInstitutional InvestorsimfInternational economicsimfInternational financeimfInternational InvestmentimfInvestment & securitiesimfInvestments, ForeignimfInvestments: StocksimfLong-term Capital MovementsimfMacroeconomicsimfMacroeconomics: ConsumptionimfNon-bank Financial InstitutionsimfPension FundsimfSavingimfShort-term Capital MovementsimfStocksimfWealthimfHong Kong Special Administrative Region, People's Republic of ChinaimfFinanceMonetary policyBalance of paymentsCapital accountConsumptionCurrent Account AdjustmentEconomicsExports and ImportsFinanceFinance: GeneralFinancial InstrumentsFinancial integrationForeign assetsGeneral Financial Markets: General (includes Measurement and Data)Institutional InvestorsInternational economicsInternational financeInternational InvestmentInvestment & securitiesInvestments, ForeignInvestments: StocksLong-term Capital MovementsMacroeconomicsMacroeconomics: ConsumptionNon-bank Financial InstitutionsPension FundsSavingShort-term Capital MovementsStocksWealthMercereau Benoît1816368DcWaIMFBOOK9910958655903321Financial Integration in Asia4372397UNINA