Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/127872 
Year of Publication: 
2004
Series/Report no.: 
PIDS Discussion Paper Series No. 2004-43
Publisher: 
Philippine Institute for Development Studies (PIDS), Makati City
Abstract: 
More recently, considerable attention has been given to financial regional integration and cooperation, which intensified in the wake of the East Asian financial crisis. Thus, a number of regional initiatives, such as development of regional bond market and credit rating agencies, among others, have been put forward to form part of the foundation of regional financial integration. New regional institutions have been created to support such initiatives. However, these efforts cannot and should not be taken as a substitute for measures needed to strengthen domestic financial systems. To begin with, domestic financial systems in many countries in the Asia-Pacific region have remained weak, and progress to reform them has been highly uneven. This paper attempts to offer some ideas about how regional institutions can support reforms to domestic financial systems.
Subjects: 
insurance
regional financial integration
financial sector reforms
banking
Document Type: 
Working Paper

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