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...
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| Format: | Working Paper |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26604601/international-financial-integration-east-asia-pacific http://hdl.handle.net/10986/24853 |
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okr-10986-248532021-06-14T10:16:01Z International Financial Integration of East Asia and Pacific Didier, Tatiana Llovet Montanes, Ruth Schmukler, Sergio L. cross-border capital flows foreign direct investment international financial integration portfolio investments syndicated loans trade flows globalization 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. 2016-08-09T21:44:56Z 2016-08-09T21:44:56Z 2016-07 Working Paper http://documents.worldbank.org/curated/en/2016/07/26604601/international-financial-integration-east-asia-pacific http://hdl.handle.net/10986/24853 English en_US Policy Research Working Paper;No. 7772 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific East Asia China Japan Korea, Republic of Singapore |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
cross-border capital flows foreign direct investment international financial integration portfolio investments syndicated loans trade flows globalization |
| spellingShingle |
cross-border capital flows foreign direct investment international financial integration portfolio investments syndicated loans trade flows globalization Didier, Tatiana Llovet Montanes, Ruth Schmukler, Sergio L. International Financial Integration of East Asia and Pacific |
| geographic_facet |
East Asia and Pacific East Asia China Japan Korea, Republic of Singapore |
| relation |
Policy Research Working Paper;No. 7772 |
| description |
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. |
| format |
Working Paper |
| author |
Didier, Tatiana Llovet Montanes, Ruth Schmukler, Sergio L. |
| author_facet |
Didier, Tatiana Llovet Montanes, Ruth Schmukler, Sergio L. |
| author_sort |
Didier, Tatiana |
| title |
International Financial Integration of East Asia and Pacific |
| title_short |
International Financial Integration of East Asia and Pacific |
| title_full |
International Financial Integration of East Asia and Pacific |
| title_fullStr |
International Financial Integration of East Asia and Pacific |
| title_full_unstemmed |
International Financial Integration of East Asia and Pacific |
| title_sort |
international financial integration of east asia and pacific |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/07/26604601/international-financial-integration-east-asia-pacific http://hdl.handle.net/10986/24853 |
| _version_ |
1764457825829912576 |