Financial Integration and Macrofinancial Linkages in Asia

Financial Integration and Macrofinancial Linkages in Asia

Forfatter: Asian Development Bank
Forlag: Asian Development Bank
Utgivelsesår: 2020
ISBN: 9292624199

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The Asian financial landscape has grown more interconnected over the past 2 decades. Previous financial crises have shown how financial volatility can transmit rapidly across an interconnected financial network. Empirical analyses have shown, moreover, how financial volatility can reverberate across the macroeconomy. This report summarizes the lessons from past crises, reviews the evidence of the macrofinancial linkages and feedback effects of financial distress, and proposes policy considerations and coordinated responses to enhance financial stability and resilience.

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