The rise of regional banking in Asia and the Pacific
Year: 2015
Type: article
Abstract: Before the Great Financial Crisis of 2007-09, much cross-border banking activity in Asia-Pacific was driven by dollar lending from European banks. Ilhyock Shim and Eli Remolona (BIS) find that, post-crisis, this global intermediation has lost much of its European leg. Banks from within the Asia-Pacific region now dominate cross-border activity. At the same time, Asia-Pacific banks have taken a rising share of short-term foreign currency lending. Financial authorities in the region are looking to arrangements such as the ASEAN Banking Integration Framework to help them balance the efficiency gains of regional integration against the need to monitor and control the risks of financial instability.
Authors: Eli M. Remolona, Ilhyock Shim
Institution: Bank for International Settlements
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2282523733