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Redefining Strategic Routes to Financial Resilience in ASEAN+3

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Redefining Strategic Routes to Financial Resilience in ASEAN+3 Synopsis

This book explores how regional financial cooperation could support greater financial resilience in ASEAN+3 amid rapid economic and financial development and technological change.Globalization and digitalization have transformed the financial landscape of ASEAN+3—the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China, Japan, and the Republic of Korea. Despite impressive reforms, the region faces continued challenges. These include deepening corporate bond markets, coping with cross-border bank concentration risk, reducing dependence on the United States dollar, achieving sustainable infrastructure investments, addressing pension issues, and supporting fintech development. This edited volume highlights the potential for stronger regional financial cooperation to help address such challenges. It discusses lessons learned through financial cooperation since the Asian financial crisis and sets out policy considerations to help promote a more resilient financial future.

About This Edition

ISBN: 9789292691875
Publication date:
Author: Asian Development Bank
Publisher: Asian Development Bank
Format: Paperback
Pagination: 420 pages
Genres: Regional / International studies
Labour / income economics
Development economics and emerging economies