Evolving Regional Financial Architecture in East Asia

Masahiro Kawai

Evolving Regional Financial Architecture in East Asia

Kawai, Masahiro | February 2008

Abstract

The 1997-98 Asian financial crisis and contagion revealed how closely financial systems and economic conditions were interconnected across East Asia. This policy brief explores the background and progress of recent financial cooperation initiatives in the region, the new opportunities provided, and possible evolution of a new regional financial architecture.

Citation

Kawai, Masahiro. 2008. Evolving Regional Financial Architecture in East Asia. © Asian Development Bank. http://hdl.handle.net/11540/4068. License: CC BY 3.0 IGO.

ISSN

1882-6717

The 'Sophistication' of Exports: A New Measure of Product Characteristics

Lall, Sanjaya; Weiss, John; Zhang, Jinkang (Asian Development Bank, 2005-01-15)

As the organization of trade changes with ‘fragmentation’, there is also interest among developing countries in entering production networks that have the potential to raise exports and transfer new skills and technology.3 Since, as noted, activities differ in the extent to which they can fragment, it is useful to analyze ‘fragmentability’ by looking at product characteristics like process divisibility, ...

As the organization of trade changes with ‘fragmentation’, there is also interest among developing countries in entering production networks that have the potential to raise exports and transfer new skills and technology.3 Since, as noted, activities ...
Asia's Strategic Participation in the Group of 20 for Global Economic Governance Reform: From the Perspective of International Trade

Bark, Taeho; Kang, Moonsung (Asian Development Bank, 2011-02-01)

This paper aims to identify the trade agenda that represents Asia’s concerns for the global and regional trading system. Asia, in particular East Asia, has played an important role in evolving the global production and trade networks. Even though Asia’s export performance was hit hard during the recent global economic and financial crisis, Asia experienced a relatively quick rebound. This paper ...

This paper aims to identify the trade agenda that represents Asia’s concerns for the global and regional trading system. Asia, in particular East Asia, has played an important role in evolving the global production and trade networks. Even though ...
The Case of the Missing Market: The Bond Market and Why It Matters for Financial Development

Herring, Richard J.; Chatusripitak, Nathporn (Asian Development Bank Institute, 2000-07-15)

Although the growing literature on the importance of finance in economic growth contrasts bank-based financial systems with market-based financial systems, little attention has been paid to the role of the bond market. Correspondingly the role of the bond market has been very small relative to that of the banking system or equity markets in most Asian emerging economies. We argue that the underdevelopment ...

Although the growing literature on the importance of finance in economic growth contrasts bank-based financial systems with market-based financial systems, little attention has been paid to the role of the bond market. Correspondingly the role of the ...

Home

About

Open Access Repository

Other Resources

Curators

Events

Contributing Think Tanks

Networks

Using Content

FAQs

Terms of Use