Financial deepening in ASEAN countries by George J. Viksnins

Cover of: Financial deepening in ASEAN countries | George J. Viksnins

Published by Pacific Forum : distributed by the University Press of Hawaii in Honolulu .

Written in English

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  • ASEAN.,
  • Banks and banking -- Asia, Southeastern,
  • Southeast Asia -- Economic conditions

Edition Notes

Bibliography: p. [73]-76.

Book details

StatementGeorge J. Viksnins.
SeriesPacific community series (Pacific Forum)
ContributionsPacific Forum.
LC ClassificationsHC412 V55
The Physical Object
Paginationix, 76 p. --
Number of Pages76
ID Numbers
Open LibraryOL21262461M

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Additional Physical Format: Online version: Viksnins, George J. Financial deepening in ASEAN countries. [Honolulu?]: Pacific Forum, © (OCoLC) Download the book Financial deepening in asean countries EPUB for free Posted:Download PDF.

Download EPUB. Read online. Reviews for the book Financial deepening in asean countries. CAMERON A wonderful book, like all the works of this author. Like. Status of Financial Market Development. Indonesia’s financial market has room for improvement.

Based on Financial deepening in ASEAN countries book financial development index constructed by Sahay and others (), which captures depth, access, and efficiency, overall financial development in Indonesia trailed behind other emerging market economies in Asia.

The authors propose three bold proposals in support of regional corporate bond market development and financial deepening. 1 ASEAN includes Brunei Darussalam, Cambodia, Indonesia, the Lao People's Democratic Republic, Malaysia, Myanmar, Cited by: Downloadable (with restrictions).

Cambodia, Laos Financial deepening in ASEAN countries book Vietnam (CLV) have come to be recognized as the new growth frontiers in the Association of Southeast Asian Nations (ASEAN) bloc, especially since the s.

Though all the CLV countries were hit by the global financial crisis (GFC), there has been a sharp recovery in all the economies from around or so, partly aided by the rapid Cited by: 1.

Cambodia, Laos and Vietnam (CLV) have come to be recognized as the new growth frontiers in the Association of Southeast Asian Nations (ASEAN) bloc, especially since the s.

Though all the CLV countries were hit by the global financial crisis (GFC), there has been a sharp recovery in all the economies from around or so, partly aided by the rapid development of their financial by: 1. Financial Market Deepening in East Asia 2. Major Findings • Over time, at the global level, financial deepening has taken place— upward shifts in the intercepts and slopes.

• Emerging East Asia (EEA) is generally outperforming other parts of the world in the pace of financial deepening.

• The strength of most East Asian economies. The Political Economy of the Asian Financial Crisis The Asian economic crisis of was a singular event in the region’s postwar economic history. Adverse external shocks had struck the devel-oping countries of East and Southeast Asia in the past, most notably the oil price increases of the s and early s.

Individual countries had. In all ASEAN economies, the hypothesis that the natural log transformation of the original money supply and CPI have a unit root, cannot be rejected. In their first differences, the hypothesis that they have a unit root can be rejected at a 1% level, except in the case of the Philippines, which is at a 10% level.

Introducing a New Broad-based Index of Financial Development1 Prepared by Katsiaryna Svirydzenka Authorized for distribution by Petya Koeva Brooks January Abstract There is a vast body of literature estimating the impact of financial development.

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues.

This Web-only series replaced Staff Position Notes in January Cambodia, Laos and Vietnam (CLV) have come to be recognized as the new growth frontiers in the Association of Southeast Asian Nations (ASEAN) bloc, especially since the s.

This paper titled, “Financial Deepening and Performance of Selected Commercial Banks in Nigeria” examined the extent to which financial deepening has affected the performance of selected Nigerian commercial banks in terms of profitability.

The study empirically investigated the relationship between financial deepening and bank performance using financial deepening (M2/GDP), ratio of credit Cited by: 2.

This note presents results from Granger-causality tests on 22 Asian, Latin American and Caribbean developing economies in an attempt to distinguish between competing hypotheses regarding the role of financial deepening in economic growth.

The results suggest that in many cases financial deepening does not make much difference to economic growth: for eight countries no lead-lag relationship was.

GDP suggests that financial deepening of the regional financial centres – Singapore and Hong Kong, China – approximates or even surpasses the financial deepening of OECD countries. But in other SEA countries, financial deepening seems not to be as advanced as in the OECD countries.

This indicator also shows that the development of financial. of the Bank for International Settlements or the Asian Development Bank. Asian Development Bank 14 NovemberManila Going regional: how to deepen ASEAN‘s financial markets The recycling of Asian savings The downside of capital mobility The role of capital controls Financial market development in ASEAN countries.

The global financial crisis raised some legitimate questions about financial deepening and financial development, given that the crisis originated in advanced economies (AEs), where the financial sector had grown both very large and very Size: 2MB.

Financial Liberalization The financial repression that prevailed in develop-ing and transition countries in the s and s and some East Asian and Latin American countries, nonbank deposits supplemented the rapid growth in bank deposits. Box discusses the resumption of depositFile Size: KB.

Measuring The Dynamics Of Financial Deepen ing And Economic Growth In Nigeria, – DOI: / 86 | Page. financial development in ASEAN countries this study disaggregates measures of financial depth covering the financial inequality development.

This study employs commonly used measures of financial development, which is the ratio of broad money (M2) to GDP (M2/GDP). Financial deepening is very important for financial resilience. Comparing figures with Indonesia'€™s emerging economic peers, Indonesia is still lagging behind with regards to the size of its capital market formation.

It also shows that Indonesia has the shallowest penetration compared to its Asian counterparts. ASEAN also regularly engages other countries in the Asia-Pacific region and beyond. A major partner of Shanghai Cooperation Organisation, ASEAN maintains a global network of alliances and dialogue partners and is considered by many as a global powerhouse, the central union for cooperation in Asia-Pacific Official languages of contracting states: 10 languages.

Financial deepening is a term used by economists to refer to increasing provision of financial services. It can refer both a wider choice of services and better access for different socioeconomic groups.

Financial deepening can have an effect on both individuals' and societies' economic situations. Wadud () examines the long-run causal relationship between financial development and economic growth for 3 South Asian countries namely India, Pakistan and Bangladesh.

The study employed a cointegrated vector autoregressive model to assess the long-run relationship between financial development and economic growth.

Meanwhile, the share of FDI to ASEAN member countries was following the same trend until the financial crisis. The average share of FDI inflows for the period was percent, lower than the 35 percent average in The share of debt has declined for developing countries.

However, for ASEAN as a group, the. Money and Capital or Financial Deepening LDCs have highly sophisticated indigenous, noninstitutional as well as modern institutional financial systems.

Furthermore, differentiation of financial assets has occurred, in part, as a result of deliberate interventionist policies in these countries (Shaw (), pp. ).Cited by: ASEAN countries in general and countries in Mekong region in particular has made for Developing Countries ASEAN-India: Deepening Economic Partnership in Mekong Region ASEAN-India: Deepening Economic relations between India and Mekong countries.

The book will serve as a key reference book for policymakers and research scholars. The functions of the Advisory Council are set out in Article IV of the Statute of the Asian Development Bank Institute (ADBI). The Council has seven members, one of whom is a senior official from ADB headquarters.

The other members of the Advisory Council are distinguished practitioners or scholars in the field of development or management selectedMissing: Financial Deepening. Topics covered include financial development and economic growth in underdeveloped countries; instruments and techniques used in the implementation of monetary policy: and econometric policy models.

This book is comprised of 46 chapters and begins with a discussion on the main lines of thought in the field of money and monetary policy in LDCs Book Edition: 1. Wadud, M.A. (), Financial development and economic growth: cointegration and ECM approach for South Asian countries, paper presented at International conference of the Asian Law and Economic Association at Seoul National University, South Korea on June, Author: Godwin Chigozie Okpara, Anne Nwannennaya Onoh, Benson Mbonu Ogbonna, Eugene Iheanacho, Iheukwumere K.

Capital Market Development in ASEAN Presented by: Kelly Bird Director Public Management, Financial Sector and Trade Division Among Southeast Asian countries, big differences exist in terms of market cap, Financial Sector Deepening Program supports the Government to develop a money market and a capital market, with a focus onFile Size: 2MB.

financial sector reforms in which course several segments of domestic financial markets, in particular the banking sector and government bond markets, have been deepened and broadened. On a regional Asian level, the severe experience of financial crisis by developing countries and emerging markets in the late s induced a process of intensified.

Association of Southeast Asian Nations, ASEAN Secretariat, community of opportunity, connectivity, economic community, political - security community, socio - cultural communityMissing: Financial Deepening. "We want to make Indonesian financial markets become equal to those in other Asian countries.

We also hope that Indonesia will be a center of the world financial. China's vice central bank governor addressed the ninth China-ASEAN Expo on Saturday, calling for deepening financial cooperation between China and members of the Association of Southeast Asian.

private interests. These factors are indeed common to all four of the Southeast Asian financial systems surveyed in this chapter. The more interesting variation across these countries is in the depth and pace of financial development in Southeast Asia.

Putting that variation in financial development aside, there are of course other. Financial Liberalization in Developing Countries Bela Balassa Higher real interest rates increase financial intermediation, which in turn raises the rate of economic growth in developing countries.

The Policy, Planning. and Research Complex distributes PPR Working Papers to disseminate the findings of work in progress and to. WASHINGTON, Ap —Financial inclusion is on the rise globally, accelerated by mobile phones and the internet, but gains have been uneven across countries.

A new World Bank report on the use of financial services also finds that men remain more likely than women to have an account. Globally, 69 percent of adults – billion.

Developing countries were hit hard by the financial and economic crisis, although the impact was somewhat delayed. Every country had different challenges to master. The closer the developing countries are interconnected with the world economy, the crasser the effects.

And the incipient recovery that is becoming noticeable is, for the time being, restricted to only a few countries and regions Cited by: 10 Award-Winning Books by Asian Authors You Should Read From brooding, surrealist epics by the crafting hand of Murukami, to dark, noir thrillers between Manila and New York, to political hot potatoes that consider the state of contemporary China, this list of 10 award-winning books by Asian writers in the last 10 years is sure to have Missing: Financial Deepening.

COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.Institutional development, financial deepening and economic growth: Evidence from China credit to the private sector is a much smaller share of GDP than in most other countries.

Reform of the financial system began only in the early s when the central government decided to separate the policy banks from commercial banks. There are a Cited by: Regional integration: the ASEAN vision in Rosabel B Guerrero ASEAN was established on 8 August by the five original member countries (ASEAN-5), namely, Indonesia, Malaysia, Philippines, Singapore and Thailand.

post Asian financial crisis lessons that recognized the importance of cooperation in both real and financial.

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