Abstract

Financial regionalism in East Asia has been developed based on the progress of financial initiatives under the auspices of the Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC) and ASEAN Plus Three (APT) Cooperation. Therefore, to understand the evolution of financial regionalism in East Asia, the broader coverage of these three regional institutions should be observed. In this chapter, surveillance processes, regional financing arrangements, capital market development and financial service liberalisation, to make comparisons between the three regional institutions, are observed. In general, it is found that ASEAN and APT provide more concrete results, compared to APEC, in financial issues. It is also revealed that standardisation and policy coordination have emerged as prominent activities in these three regional forums.

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