Panel: Asian financial integration

Abstract

Asian intraregional trade far exceeds intraregional financial flows. Regional financial integration requires further market development with supportive institutions and common standards. Internal growth generation is important for the region to sustain global growth in the face of continued problems in Europe. Asian savings are large and it is an originator, not just a recipient, of financial flows. Given its population density, acute need for better retirement savings products, and genuine demand for infrastructure, institutional and product innovations that help retain its high savings in the region could meet real needs, while promoting more diverse and stable capital flows. © 2012 Copyright Taylor and Francis Group, LLC.