Financial Services Integration in East Asia: Lessons from the European Union
AbstractThis paper distills some policy lessons from the financial services integration program in the European Union for East Asia. Focusing on the improved cross-border facilitation of financial flows rather than on general macroeconomic factors related to optimal currency area formation, the paper discusses some specific features of the EU’s financial sector liberalization program and the results achieved so far. Considering the institutional difference between EU and East Asia, it discusses what possible features of the EU experience will be replicable in the region.
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Bibliographic InfoPaper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 2008-31.
Date of creation: 2008
Date of revision:
regional economic integration; banking; East Asia; financial services liberalization;
Other versions of this item:
- Gloria O. Pasadilla, 2008. "Financial services integration in East Asia: Lessons from the European Union," Working Papers 5308, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
- Gloria O. Pasadilla, 2008. "Financial Services Integration in East Asia : Lessons from the European Union," Finance Working Papers 22680, East Asian Bureau of Economic Research.
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- F15 - International Economics - - Trade - - - Economic Integration
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
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