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Equity home bias, financial integration, and regulatory reforms: implications for emerging Asia

In: Global Shock, Risks, and Asian Financial Reform

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  • Cyn-Young Park
  • Rogelio V. Mercado

Abstract

The growth of financial markets has clearly outpaced the development of financial market regulations. With growing complexity in the world of finance and the resultant higher frequency of financial crises, all eyes have shifted toward the current inadequacy of financial regulation. This book expertly examines what this episode means for Asia’s financial sector and its stability, and what the implications will be for the region’s financial regulation. By focusing on legal and institutional frameworks the book also elaborates on various issues and challenges in terms of how financial liberalization can maximize the benefits and minimize the risks of crisis.

Suggested Citation

  • Cyn-Young Park & Rogelio V. Mercado, 2014. "Equity home bias, financial integration, and regulatory reforms: implications for emerging Asia," Chapters, in: Iwan J. Azis & Hyun S. Shin (ed.),Global Shock, Risks, and Asian Financial Reform, chapter 9, pages 347-376, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:15939_9
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    References listed on IDEAS

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    Cited by:

    1. Michele Manna & Stefano Nobili, 2018. "Banks' holdings of and trading in government bonds," Temi di discussione (Economic working papers) 1166, Bank of Italy, Economic Research and International Relations Area.
    2. Rogelio Mercado Jr., 2017. "Domestic Factors and Episodes of Gross Capital Inflows," Working Papers wp26, South East Asian Central Banks (SEACEN) Research and Training Centre.
    3. Caporale, Guglielmo Maria & You, Kefei & Chen, Lei, 2019. "Global and regional stock market integration in Asia: A panel convergence approach," International Review of Financial Analysis, Elsevier, vol. 65(C).
    4. Mercado, Rogelio V., 2019. "Capital flow transitions: Domestic factors and episodes of gross capital inflows," Emerging Markets Review, Elsevier, vol. 38(C), pages 251-264.

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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