Financial Integration in East Asia and Pacific: Regional and Interregional Linkages

4 Pages Posted: 27 Sep 2018 Last revised: 29 Mar 2019

See all articles by Ruth Llovet Montanes

Ruth Llovet Montanes

World Bank

Sergio L. Schmukler

World Bank - Development Research Group (DECRG)

Date Written: May 1, 2018

Abstract

During the last two decades, economies in East Asia and Pacific have been integrating internationally through trade and financial investments. One trend is puzzling. Whereas most of the trade integration has been within the region, most of the financial integration has been with countries outside the region. However, a closer examination of investment types shows that therelative lack of regional financial connectivity occurs mostly in equity, bonds, and bank syndicated loans (in so-called arm?s length investments). The region is much more connected through foreign direct investment (FDI) (through both mergers and acquisitions and greenfield investments).

Keywords: International Trade and Trade Rules, Private Sector Development Law, Marketing, Private Sector Economics, Urban Solid Waste Management, Treaties, International Law, Legal Reform, Legal Products, Regulatory Regimes, Social Policy, Judicial System Reform, Legislation, Macroeconomic Management

Suggested Citation

Llovet Montanes, Ruth and Schmukler, Sergio, Financial Integration in East Asia and Pacific: Regional and Interregional Linkages (May 1, 2018). World Bank Research and Policy Briefs No. 126031. Available at SSRN: https://ssrn.com/abstract=3255727

Ruth Llovet Montanes (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Sergio Schmukler

World Bank - Development Research Group (DECRG) ( email )

1818 H. Street, N.W.
MSN MC 3-301
Washington, DC 20433
United States
202-458-4167 (Phone)
202-522-3518 (Fax)

HOME PAGE: http://www.worldbank.org/en/about/people/s/sergio-schmukler

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