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Financial integration in Asia : estimating the risk-sharing gains for Australia and other nations /
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 resul...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
2006.
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| Colección: | IMF working paper ;
WP/06/267. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Descripción Física: | 1 online resource (20 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 128351849X 9781283518499 9781451909807 1451909802 |
| ISSN: | 2227-8885 ; |