Assessing the Financial Landscape for the Association of Southeast Asian Nations Economic Community, 2015

Asia & the Pacific Policy Studies (APPS), 2014

14 Pages Posted: 8 Jan 2015

See all articles by Choong Lyol Lee

Choong Lyol Lee

Korea University Sejong - College of Business and Economics

Shinji Takagi

Osaka University - Graduate School of Economics

Date Written: December 11, 2014

Abstract

The article assesses Association of Southeast Asian Nations (ASEAN)'s financial landscape and considers issues related to regional financial cooperation. Although the ASEAN Economic Community is expected to come into force by the end of 2015, given the large disparity between the more and the less advanced member countries, regional financial integration in ASEAN can only be an evolutionary process. Regional cooperation is needed not only to help integrate the region financially but also to manage the attendant risks. Areas of cooperation must include, among others, establishing common licensing standards for financial institutions and creating region-wide systems for deposit insurance, credit rating, financial market supervision, payment and settlement, and consumer protection.

Keywords: ASEAN Economic Community; ASEAN economic integration; ASEAN financial markets and institutions

Suggested Citation

Lee, Choong Lyol and Takagi, Shinji, Assessing the Financial Landscape for the Association of Southeast Asian Nations Economic Community, 2015 (December 11, 2014). Asia & the Pacific Policy Studies (APPS), 2014, Available at SSRN: https://ssrn.com/abstract=2546109

Choong Lyol Lee

Korea University Sejong - College of Business and Economics ( email )

Sejong
Korea, Republic of (South Korea)

Shinji Takagi (Contact Author)

Osaka University - Graduate School of Economics ( email )

1-7 Machikaneyama
Toyonaka, Osaka, 560-0043
Japan

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
41
Abstract Views
390
PlumX Metrics