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External Aspects of East Asian Economies and Finance - in light of growing interest in regional integration -

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  • Takeo Nakamura

    (Bank of Japan)

  • Toshiaki Shinohara

    (Bank of Japan)

Abstract

This paper is intended to provide an overview of the external aspects of East Asian economies and finance in response to the inquiries and requests from practitioners and researchers raised in the course of research activities at the Center for Monetary Cooperation in Asia (CeMCoA) of the Bank of Japan. This paper paints a general picture of developments in the region in light of growing interest in regional economic and financial integration. Given the strong preference for the US dollar, and as long as foreign capital inflows continue to play a role for economic development, it is of vital importance for the region to develop financial and foreign exchange markets that are liquid and resilient enough to absorb shocks caused by large-scale capital flows.

Suggested Citation

  • Takeo Nakamura & Toshiaki Shinohara, 2007. "External Aspects of East Asian Economies and Finance - in light of growing interest in regional integration -," Bank of Japan Research Papers 2007-01-19, Bank of Japan.
    • Handle: RePEc:boj:bojron:07-e-0119
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    References listed on IDEAS

    as
    1. Kawai, Masahiro, 2005. "East Asian economic regionalism: progress and challenges," Journal of Asian Economics, Elsevier, vol. 16(1), pages 29-55, February.
    2. Takashi Isogai & Hirofumi Morishita & Rasmus Ruffer, 2002. "Analysis of Intra- and Inter-regional Trade in East Asia:Comparative Advantage Structures and Dynamic Interdependency in Trade Flows," Bank of Japan Working Paper Series International Department,, Bank of Japan.
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