Financial integration in Asia : estimating the risk-sharing gains for Australia and other nations / / prepared by Benoit Mercereau

• Autore: Mercereau Benoit
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (22 p.)
• Soggetto topico: Finance - Asia; Monetary policy - Asia
• Note generali: "December 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. FINANCIAL INTEGRATION REDUCES RISK""; ""III. ESTIMATION METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""Appendix. Data Sources and Construction""; ""References""
• Sommario/riassunto: 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.
• Titolo autorizzato: Financial Integration in Asia
• ISBN: 1-4623-1649-2; 1-4527-9553-3; 1-283-51849-X; 1-4519-0980-2; 9786613830944
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910821805503321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/267.