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A Regional Bond Market for East Asia? The Evolving Political Dynamics of Regional Financial Cooperation

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  • Jennifer A. Amyx

Abstract

This paper examines the evolving political dynamics of regional financial cooperation in East Asia since the 1997–98 Asian financial crisis, examining in particular the factors contributing to the growing momentum behind the recent Asian bond market initiative being pursued by the Association for Southeast Asian (ASEAN) nations plus Japan, China and South Korea (referred to collectively as ‘ASEAN+3’). The paper argues that this initiative is making rapid progress because it resonates positively with the domestic political agendas of many leaders in the region, is an initiative that numerous countries can claim at least partial ‘ownership’ of, and elicits considerable support from actors outside the region.

Suggested Citation

  • Jennifer A. Amyx, 2004. "A Regional Bond Market for East Asia? The Evolving Political Dynamics of Regional Financial Cooperation," Asia Pacific Economic Papers 342, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
  • Handle: RePEc:csg:ajrcau:342
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    File URL: https://crawford.anu.edu.au/pdf/pep/pep-342.pdf
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    References listed on IDEAS

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    9. Peter Drysdale & Sébastien Willis, 2013. "Asia and The G20," EABER Working Papers 23384, East Asian Bureau of Economic Research.
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    Cited by:

    1. Yanghua Huang & Yongsheng Zhang, 2011. "East Asian Economic Integration and its Impact on the Chinese Economy," Chapters,in: Regional Integration, Economic Development and Global Governance, chapter 2 Edward Elgar Publishing.
    2. Dent, Christopher M., 2017. "East Asian Integration: Towards an East Asian Economic Community," ADBI Working Papers 665, Asian Development Bank Institute.
    3. repec:wsi:serxxx:v:55:y:2010:i:01:n:s0217590810003584 is not listed on IDEAS

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    JEL classification:

    • F30 - International Economics - - International Finance - - - General

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