Regional financial integration in East Asia against the backdrop of recent European experiences

Volz, Ulrich
Externe Publikationen (2016)

in: International Economic Journal 30 (2), 272-293

DOI: http://dx.doi.org/10.1080/10168737.2016.1148426
Information

This article discusses recent trends in regional financial integration in East Asia and the current efforts of the Association of Southeast Asian Nations (ASEAN) member countries to foster regional financial integration against the backdrop of three decades of experience with financial integration in Europe. It reviews the two major crisis episodes of the recent European financial history to illustrate the risks associated with comprehensive capital account liberalisation and financial integration without commensurate supervisory structures. The article highlights the importance of targeted macroprudential policies and the development of an adequate region-wide regulatory and supervisory framework to reduce the risks associated with regional – and hence international – financial integration.

About the author

Volz, Ulrich

Economist

Volz

Further experts

Baumann, Max-Otto

Political Scientist 

Dick, Eva

Sociologist and Spatial Planner 

El-Haddad, Amirah

Economist 

Nowack, Daniel

Political Scientist 

Kaplan, Lennart

Economist 

Schiller, Armin von

Political Scientist 

Schwab, Jakob

Economist 

Sommer, Christoph

Economist 

Berensmann, Kathrin

Economist 

Breuer, Anita

Political Scientist 

Haldenwang, Christian von

Political Scientist 

Houdret, Annabelle

Political Scientist 

Leininger, Julia

Political Scientist 

Mehl, Regine

Political Scientist 

Reiners, Wulf

Political Scientist 

Roll, Michael

Sociologist