Financial Integration in Asia : Estimating the Risk-Sharing Gains for Australia and Other Nations

Estimating the Risk-Sharing Gains for Australia and Other Nations

Financial Integration in Asia : Estimating the Risk-Sharing Gains for Australia and Other Nations
Holding foreign assets reduces the volatility of a country's income by allowing countries to share risk. Yet, financial integration is limited in Asia. This paper estimates how much Australia and other countries in the Asia-Pacific region would gain from greater financial integration. The results suggest that these welfare gains are large, which... READ MORE...

Publication date: December 2006
ISBN 9781451865271
$18.00

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