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Financial Integration Challenges in ASEAN beyond 2015

Author

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  • Maria Monica WIHARDJA

    (Centre for Strategic and International Studies)

Abstract

Financial integration challenges in ASEAN beyond 2015 can be grouped into two broad classes. The first classes of challenges are the regulatory and infrastructure challenges of financial market integration itself. The second pertains to monetary and fiscal policy regimes and how they are impacted by as well as how they impact on an integrated financial market in the region. The paper focuses on the integration in banking sector and the discussion in it considers the implications that the integration measures or strategies have on monetary policy of a country.

Suggested Citation

  • Maria Monica WIHARDJA, 2013. "Financial Integration Challenges in ASEAN beyond 2015," Working Papers DP-2013-27, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2013-27
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    File URL: http://www.eria.org/ERIA-DP-2013-27.pdf
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    References listed on IDEAS

    as
    1. Siregar, Reza, 2013. "Globalized Banking Sectors: Features and Policy Implications amidst Global Uncertainties," MPRA Paper 43709, University Library of Munich, Germany.
    2. Mr. Olaf Unteroberdoerster & Ms. Runchana Pongsaparn, 2011. "Financial Integration and Rebalancing in Asia," IMF Working Papers 2011/243, International Monetary Fund.
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    Cited by:

    1. Michael J. Zamorski & Minsoo Lee, 2015. "Enhancing Bank Supervision in Asia: Lessons Learnt from the Financial Crisis," Working Papers wp12, South East Asian Central Banks (SEACEN) Research and Training Centre.
    2. Yoshifumi Fukunaga & Ponciano Intal & Fukunari Kimura & Phoumin Han & Philippa Dee & Narjoko Dionisius & OUM Sothea, . "ASEAN Rising: ASEAN and AEC Beyond 2015," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2013-rpr-01 edited by Yoshifumi Fukunaga & Ponciano Intal, Jr. & Fukunari Kimura & Phoumin Han & Philippa Dee & Narjoko Di.
    3. Suparman Zen Kemu, 2017. "The Readiness of Indonesia’s Banks Facing ASEAN Economic Community (AEC)," Information Management and Business Review, AMH International, vol. 9(3), pages 13-26.
    4. Margot Schüller & Jan Peter Wogart, 2017. "The emergence of post-crisis regional financial institutions in Asia—with a little help from Europe," Asia Europe Journal, Springer, vol. 15(4), pages 483-501, December.
    5. Alfredo C. Robles, 2014. "EU Trade in Financial Services with ASEAN, Policy Coherence for Development and Financial Crisis," Journal of Common Market Studies, Wiley Blackwell, vol. 52(6), pages 1324-1341, November.
    6. Jacint Jordana, 2017. "Transgovernmental Networks as Regulatory Intermediaries," The ANNALS of the American Academy of Political and Social Science, , vol. 670(1), pages 245-262, March.
    7. Hong, Puah & Leong, Choi-Meng & Mansor, Shazali & Lau, Evan, 2018. "Revisiting Money Demand in Malaysia: Simple-Sum versus Divisia Monetary Aggregates," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 267-278.

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    More about this item

    Keywords

    Economic integration; Monetary Policy; Fiscal Policy; Financial Aspects of Economic Integration; ASEAN;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East

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