A Proposal for: 'A Common Financial Market for the Asia-Pacific'

31 Pages Posted: 5 Sep 2002

See all articles by Jack H.W. Penm

Jack H.W. Penm

Australian National University - School of Finance and Applied Statistics, Faculty of Economics and Commerce

Date Written: August 8, 2002

Abstract

Asia-Pacific stock markets with strong growth deriving from the information and communications technology (ICT) revolution are seeking to become a more integrated stock market. But some currencies and stocks in these markets are excessively volatile. Billions of dollars have been invested in hedging against currency and stock market volatility. An integrated stock market underpinned by a single currency would reduce this problem. We investigate the interaction between price movements, capital flows, and financial integration; and explore the necessity for and practicability of a currency union. The project will assist the investment community and governments in both understanding and managing any transition towards stock market integration.

Keywords: Asia-Pacific stock markets, Integrated stock market, Stock market integration

JEL Classification: G10, F30, F36

Suggested Citation

Penm, Jack, A Proposal for: 'A Common Financial Market for the Asia-Pacific' (August 8, 2002). Available at SSRN: https://ssrn.com/abstract=322961 or http://dx.doi.org/10.2139/ssrn.322961

Jack Penm (Contact Author)

Australian National University - School of Finance and Applied Statistics, Faculty of Economics and Commerce ( email )

Canberra, Australian Capital Territory 0200
Australia
+61 (02) 61250535 (Phone)
+61 (02) 61250087 (Fax)

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