01908cas a2200265 a 4500 AALejournalIMF015375 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513554815 1018-5941 BD-DhAAL BD-DhAAL Ananchotikul, Nasha. Drivers of Financial Integration : Implications for Asia / Nasha Ananchotikul, Shi Piao, Edda Zoli. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Deeper intraregional financial integration is prominent on Asian policymakers' agenda. This paper takes stock of Asia's progress toward that objective, analyzing recent trends in cross-border portfolio investment and bank claims. Then, it investigates the drivers of financial integration by estimating a gravity model of bilateral financial asset holdings on a large sample of source and destination countries worldwide, focusing in particular on the role of regulation and institutions. The paper concludes that financial integration in Asia could be enhanced through policies that lower informational frictions, continue to buttress trade integration and capital market development, remove restrictions to foreign flows and bank penetration, and promote a common regulatory framework. Mode of access: Internet Piao, Shi. Zoli, Edda. IMF Working Papers; Working Paper ; No. 2015/160 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/160/001.2015.issue-160-en.xml IMF e-Library