Laura Grace Gabriella, R. Suryanarayana, Vania Esady
{"title":"东盟五国的金融一体化","authors":"Laura Grace Gabriella, R. Suryanarayana, Vania Esady","doi":"10.7454/EFI.V62I1.522","DOIUrl":null,"url":null,"abstract":"The financial integration in South East Asia has varied over time. This paper focuses on three periods: before, during, and after the global financial crisis in 2008. This paper finds that ASEAN-5 countries have indeed taken a step towards financial integration. While we do not observe any (cointegrating) long-run relationships between the ASEAN-5 countries, we find that there has been a significant increase in the volatility spillovers between them. This is particularly true in the recovery period following the global financial crisis.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"62 1","pages":"44-58"},"PeriodicalIF":0.0000,"publicationDate":"2016-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Financial Integration in ASEAN-5\",\"authors\":\"Laura Grace Gabriella, R. Suryanarayana, Vania Esady\",\"doi\":\"10.7454/EFI.V62I1.522\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The financial integration in South East Asia has varied over time. This paper focuses on three periods: before, during, and after the global financial crisis in 2008. This paper finds that ASEAN-5 countries have indeed taken a step towards financial integration. While we do not observe any (cointegrating) long-run relationships between the ASEAN-5 countries, we find that there has been a significant increase in the volatility spillovers between them. This is particularly true in the recovery period following the global financial crisis.\",\"PeriodicalId\":31064,\"journal\":{\"name\":\"Economics and Finance in Indonesia\",\"volume\":\"62 1\",\"pages\":\"44-58\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2016-04-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economics and Finance in Indonesia\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.7454/EFI.V62I1.522\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics and Finance in Indonesia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.7454/EFI.V62I1.522","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The financial integration in South East Asia has varied over time. This paper focuses on three periods: before, during, and after the global financial crisis in 2008. This paper finds that ASEAN-5 countries have indeed taken a step towards financial integration. While we do not observe any (cointegrating) long-run relationships between the ASEAN-5 countries, we find that there has been a significant increase in the volatility spillovers between them. This is particularly true in the recovery period following the global financial crisis.