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Redefining Strategic Routes to Financial Resilience in ASEAN+3

Redefining Strategic Routes to Financial Resilience in ASEAN+3 PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292691880
Category : Business & Economics
Languages : en
Pages : 293

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Book 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.