FY 2012/2013 Research Topic: B-1-05
Regional Financial Cooperation in Asia Revisited: Progress and Issues
In this research project we analyze the past progress and present/future issues in ASEAN developing economies (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) with regard to the financial cooperation frameworks (Asian Bond Market Initiative [ABMI] and Asian Bond Fund [ABF], Chiang-Mai Initiative [CMI]), which were established to prevent/minimize future financial/economic crises. Especially for presenting policy recommendations, we focus on: (a) conducting comprehensive analyses and extracting future issues on the collateral frameworks of ABF, ABMI and CMI; (b) carrying out country studies on their market enhancement measures to view if they are functionally combined with the regional financial cooperation frameworks, (c) providing policy implications for promoting the financial markets of other ASEAN members (Brunei, Cambodia, Laos, Myanmar), and (d) possible assistance and roles played by the Japanese government in the areas of legal and institutional reforms for developing capital (bond) markets.
April 2011 - February 2013
Members of the Research Project
|[ Organizer ]||KASHIWABARA Chie|
|[ Co-researcher ]||HAMADA Miki|
|Nguyen Quoc HUNG (Lecturer, School of Economics, Hyogo University)|
|KINKYO Takuji (Professor, Graduate School of Economics, Kobe University)|
|KUNIMUNE Kozo (Professor, School of Economics, Kinki University)|
|MIENO Fumiharu (Associate Professor, Center for Southeast Asian Studies, Kyoto University)|
|MIZUNO Kengo (Manager, Manila Branch, Nomura Research Institute)|
|NAKAGAWA Shinobu (Director, Center for Monetary Cooperation in Asia, Bank of Japan)|
|NAKAGAWA Rika (Associate Professor, School of Economics, Toyo University)|
- Interim Research Report (in Japanese) for the FY 2011: Chie Kashiwabara ed. (2012) “Regional Financial Cooperation in Asia Reviewed: Progress and Issues,” Institute of Developing Economies.
- Final Report: To be published (in English) in 2013, IDE’s Development Perspective Series or other publishers.