LATEST PUBLICATIONS
NEDA 3 2017-01
Central Luzon Regional Development Plan 2017-2022
NEDA 3 2017-02
Central Luzon Regional Development Plan Investment Program 2017-2022
NEDA 3 2017-03
Central Luzon Today - June 2017
NEDA 3 2017-04
Central Luzon Today - December 2017
Publication Detail
PIDS Book 2005-03: Financial Liberalization: Managing Risks and Opportunities

The past two decades have seen the growing financial liberalization and integration of the countries in the Asia-Pacific region and the rest of the world. This development reflects the complementarities among trade, direct investment and finance in the dynamics of outward-oriented growth in East Asia. However, the recent East Asian financial crisis shows forcefully that economic openness and financial integration has risks as much as opportunities. This volume, which is co-published with the Philippine APEC Study Center Network (PASCN), is a collection of seven studies that focus interrelated aspects of the structural and institutional foundations of effective risk management and exploitation of opportunities in an open economy. It also draws lessons from and insights on macroeconomic management in an open economy; the liberalization of the banking industry; the human resource implications of financial liberalization and integration; and the behavior of APEC member-economies toward the financial services agreement under the General Agreement on Trade in Services (GATS).

Philippine Institute for Development Studies
Authors Keywords
Intal, Ponciano Jr. S.; Asian financial crisis; economic openness; financial sector; financial liberalization; financial integration; APEC; foreign bank entry; General Agreement on Trade in Services (GATS); domestic banking market; financial services agreement (FSA);
Download PDF Number of Downloads
Published in 2005 and available in the PIDS Library or can be downloaded as full text Downloaded 1,076 times since November 25, 2011