Financial Integration in Asia: Estimating the Risk-Sharing Gains for Australia and Other Nations
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Bibliographic Details
Main Author: Mercereau, Benoît (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2006
Series:IMF Working Papers Working Paper No. 06/267
Links:http://elibrary.imf.org/view/IMF001/02359-9781451865271/02359-9781451865271/02359-9781451865271.xml
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http://elibrary.imf.org/view/IMF001/02359-9781451865271/02359-9781451865271/02359-9781451865271.xml
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http://elibrary.imf.org/view/IMF001/02359-9781451865271/02359-9781451865271/02359-9781451865271.xml
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http://elibrary.imf.org/view/IMF001/02359-9781451865271/02359-9781451865271/02359-9781451865271.xml
http://elibrary.imf.org/view/IMF001/02359-9781451865271/02359-9781451865271/02359-9781451865271.xml
http://elibrary.imf.org/view/IMF001/02359-9781451865271/02359-9781451865271/02359-9781451865271.xml
http://elibrary.imf.org/view/IMF001/02359-9781451865271/02359-9781451865271/02359-9781451865271.xml
http://elibrary.imf.org/view/IMF001/02359-9781451865271/02359-9781451865271/02359-9781451865271.xml
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Abstract: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
Physical Description:1 Online-Ressource (20 p)
ISBN:1451865279
9781451865271