ASEAN Financial Integration in the Light of Recent European Experiences

Volz, Ulrich

Abstract

This article reflects on the ambitions of the Association of Southeast Asian Nations (ASEAN) to foster regional economic and financial integration among its member countries against the backdrop of the European financial crisis. Based on a review of the European experiences with financial integration since the 1970s, this article critically examines the potential risks associated with the creation of a financially-integrated ASEAN Economic Community and the implications for policy autonomy of ASEAN members. It outlines the regulatory and institutional requirements that need to be put in place in order to minimize financial stability risk if an integrated financial sector across ASEAN is aimed for.

Citation

Volz, U. (2013). ASEAN Financial Integration in the Light of Recent European Experiences. Journal of Southeast Asian Economies, 30(2), 124-141

• Journal Article Type: Article
• Publication Date: Jan 1, 2013
• Deposit Date: Jun 25, 2013
• Publicly Available Date: Mar 12, 2025
• Print ISSN: 0217-4472
• Peer Reviewed: Peer Reviewed
• Volume: 30
• Issue: 2
• Pages: 124-141
• Related Public URLs: https://muse.jhu.edu/journals/asean_economic_bulletin/v030/30.2.volz.html