FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1569154129> ?p ?o ?g. }

• W1569154129 startingPage "1" @default.
• W1569154129 abstract "ABSTRACTThe first decade of the new millennium saw the Global Financial Crisis affect many economies in ASEAN 5+3, including the degree and pace of financial integration, particularly interest rates. Recent events in the European Union and its potential impact in ASEAN 5+3 point to revisiting on the importance of stability of currencies and interest rates as an integral part of financial integration. Using China and the Philippines as an initial study point, the results reveal increasing levels of integration within the region as whole, but bilateral initiatives that will develop the capital and investment flows should be pursued vigorously.INTRODUCTIONThe European Commission has defined financial integration as a process, driven by market forces, in which separate national financial markets gradually enter into competition with each other and eventually become one financial market, characterized by converging prices, product supply and converging efficiency/profitability among the financial services providers. (Jang, 201 1). Following this definition, it is expected that several distinct and parallel channels can further financial integration, namely, cross-border ownership, establishment of cross-border service provision (Ibid, 201 1). A key feature of this definition is that it is market-driven process and that this process can be hastened or hampered by several drivers that often extend beyond the borders of defined financial and economic market. This is even made more complicated when we consider the various measurements that have been developed over the years to determine the relative success or even failure of attempts of countries to integrate.While the measurement of financial integration and globalization vary, Quinn, Schindler, and Toyoda (2011) have identified three major categories: de jure, de facto, and hybrid (combination of de jure and de facto). Examples of de jure factors are those found in the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) which are published every year and are often-referred to as table indicators. De facto indicators, on the other hand, contain elements of intensity, magnitude, and/or breadth and depth of financial controls, an example of would be Schindlers 2009 KA index. Hybrid measurements combine de jure and de facto indicators. For instance, Bekeart, and Harvey's 2005 Equity measure does not rely on the IMF table indicators in analyzing financial integration. Their recent study noted that among de jure indicators, sample differences account for much of the variation in growth results, with weaker impact found in more recent data and among advanced economies, which allows for other possible measurements. Attempts of the Association of Southeast Asian Nations (ASEAN) in the past years to become fully integrated have been cautious and deliberate, especially after the Asian Financial Crisis and more recently, the Global Financial Crisis. And as the Euro Zone struggles, Asia looks to the lessons of recent events as it moves forward with its own integration efforts.As guide to increase integration, citing Cowen, et al., Mayes (2008) suggests seven channels of increasing financial integration for East Asian economies. These are the 1) removal of capital controls; 2) removal of internal controls such as the direction of lending for all purposes other than prudential regulation, anti-competitive practices and consumer protection; 3) adoption of harmonised non-discriminatory international standards; 4) creation of cross-border infrastructure enabling the easy flow of payments, settlement and securities transactions; 5) mutual recognition to allow cross-border operation of financial institutions, local establishment and the interchange of skilled staff; 6) harmonization of detailed requirements; and 7) development of financial institutions. These are channels that have been used in the past by individual ASEAN5+3 countries but at various degrees which could explain why as regional bloc, there have been differences in terms of integration. …" @default.
• W1569154129 created "2016-06-24" @default.
• W1569154129 creator A5026848561 @default.
• W1569154129 creator A5035021836 @default.
• W1569154129 date "2012-09-01" @default.
• W1569154129 modified "2023-09-28" @default.
• W1569154129 title "Revisiting Financial Integration of Interest Rates of ASEAN5+3, 2000-2011" @default.
• W1569154129 hasPublicationYear "2012" @default.
• W1569154129 type Work @default.
• W1569154129 sameAs 1569154129 @default.
• W1569154129 citedByCount "0" @default.
• W1569154129 crossrefType "journal-article" @default.
• W1569154129 hasAuthorship W1569154129A5026848561 @default.
• W1569154129 hasAuthorship W1569154129A5035021836 @default.
• W1569154129 hasConcept C10138342 @default.
• W1569154129 hasConcept C143910263 @default.
• W1569154129 hasConcept C144133560 @default.
• W1569154129 hasConcept C162324750 @default.
• W1569154129 hasConcept C175025494 @default.
• W1569154129 hasConcept C19244329 @default.
• W1569154129 hasConcept C19263331 @default.
• W1569154129 hasConcept C196390999 @default.
• W1569154129 hasConcept C2780615719 @default.
• W1569154129 hasConcept C48235672 @default.
• W1569154129 hasConcept C73283319 @default.
• W1569154129 hasConcept C98014903 @default.
• W1569154129 hasConceptScore W1569154129C10138342 @default.
• W1569154129 hasConceptScore W1569154129C143910263 @default.
• W1569154129 hasConceptScore W1569154129C144133560 @default.
• W1569154129 hasConceptScore W1569154129C162324750 @default.
• W1569154129 hasConceptScore W1569154129C175025494 @default.
• W1569154129 hasConceptScore W1569154129C19244329 @default.
• W1569154129 hasConceptScore W1569154129C19263331 @default.
• W1569154129 hasConceptScore W1569154129C196390999 @default.
• W1569154129 hasConceptScore W1569154129C2780615719 @default.
• W1569154129 hasConceptScore W1569154129C48235672 @default.
• W1569154129 hasConceptScore W1569154129C73283319 @default.
• W1569154129 hasConceptScore W1569154129C98014903 @default.
• W1569154129 hasIssue "3" @default.
• W1569154129 hasLocation W15691541291 @default.
• W1569154129 hasOpenAccess W1569154129 @default.
• W1569154129 hasPrimaryLocation W15691541291 @default.
• W1569154129 hasRelatedWork W120111205 @default.
• W1569154129 hasRelatedWork W130978644 @default.
• W1569154129 hasRelatedWork W1485808290 @default.
• W1569154129 hasRelatedWork W1502383019 @default.
• W1569154129 hasRelatedWork W1516324808 @default.
• W1569154129 hasRelatedWork W1563053132 @default.
• W1569154129 hasRelatedWork W172313027 @default.
• W1569154129 hasRelatedWork W1776620124 @default.
• W1569154129 hasRelatedWork W1836573467 @default.
• W1569154129 hasRelatedWork W1905155104 @default.
• W1569154129 hasRelatedWork W2102157482 @default.
• W1569154129 hasRelatedWork W2121560720 @default.
• W1569154129 hasRelatedWork W2771615619 @default.
• W1569154129 hasRelatedWork W2965901590 @default.
• W1569154129 hasRelatedWork W3121883030 @default.
• W1569154129 hasRelatedWork W3122336512 @default.
• W1569154129 hasRelatedWork W3139502243 @default.
• W1569154129 hasRelatedWork W3145573789 @default.
• W1569154129 hasRelatedWork W3168887397 @default.
• W1569154129 hasRelatedWork W2186792835 @default.
• W1569154129 hasVolume "11" @default.
• W1569154129 isParatext "false" @default.
• W1569154129 isRetracted "false" @default.
• W1569154129 magId "1569154129" @default.
• W1569154129 workType "article" @default.