International Financial Integration of East Asia and Pacific
This paper documents how economies in the East Asia and Pacific (EAP) region have integrated financially with the rest of the world since the 1990s. First, the region is increasingly more connected with itself and with other economies. Although eco...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26604601/international-financial-integration-east-asia-pacific http://hdl.handle.net/10986/24853 |
| Summary: | This paper documents how economies in
the East Asia and Pacific (EAP) region have integrated
financially with the rest of the world since the 1990s.
First, the region is increasingly more connected with itself
and with other economies. Although economies in the North
capture the bulk of the region's investments,
EAP's connectivity with the South has grown relatively
faster. Second, the largest economies in the region (China,
Japan, the Republic of Korea, and Singapore) account for
most of EAP's cross-border investments. Third, compared
with the other South regions, EAP displays a higher level of
intraregional and outward investments, reflecting the
region's role as a net capital exporter. The
differences with South regions are persistent over time.
Although EAP lags behind as a destination of foreign
investments, inflows to developing EAP economies are
comparable to those to other South regions. Fourth,
EAP's financial integration is related to its
international trade patterns. |
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