Redefining Strategic Routes to Financial Resilience in ASEAN 3
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Redefining Strategic Routes to Financial Resilience in ASEAN 3

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Additional information

Full Title

Redefining Strategic Routes to Financial Resilience in ASEAN 3
Author(s)

Diwa Guinigundo, Masahiro Kawai, Cyn-Young Park, and Ramkishen S. Rajan
Edition
ISBN

9789292691882, 9789292691875
Publisher

Asian Development Bank
Format

PDF and EPUB

Description

Rapid 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 address such challenges. It explores how regional financial cooperation could promote greater financial resilience and stability amid rapid economic and financial development and technological change.

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