Summary of ASEAN Financial Integration


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ASEAN Financial Integration summary
ASEAN has a long way to go to achieve financial integration, but it can learn a lot from Europe’s mistakes.


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The 10 countries of the Association of Southeast Asian Nations (ASEAN) are close to creating the world’s newest economic power bloc – the ASEAN Economic Community (AEC). However, as economists Geert Almekinders, Satoshi Fukuda, Alex Mourmouras and Jianping Zhou point out, the AEC must plan and regulate on a transnational level to insulate itself from the kinds of shocks that shook the euro zone. With careful execution, financial integration will attract a surge of foreign investment and capital flows to the ASEAN region. However, as this lucid, structured and comprehensive analysis explains, various risks could imperil a project that shows huge promise. getAbstract recommends this study to investors, executives and policy makers with interests in the region.

In this summary, you will learn

  • What the Association of Southeast Asian Nations’ proposed economic community will entail for its member states,
  • How the countries are approaching financial integration and
  • How learning from Europe’s mistakes can help the ASEAN Economic Community.


As the projected late-2015 birth of the Association of Southeast Asian Nations’ proposed ASEAN Economic Community (AEC) draws near, the goal of greater financial integration among ASEAN’s 10 members – Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand...
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About the Authors

Geert Almekinders, Alex Mourmouras and Jianping Zhou are economists with the International Monetary Fund. Satoshi Fukuda is in the graduate program at the University of California, Berkeley.

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