The Impact of Global Liquidity on Financial Landscapes and Risks in the ASEAN-5 Countries

Author/Editor:

Tao Sun

Publication Date:

September 29, 2015

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper analyzes the transmission of global liquidity to the ASEAN-5 countries (ASEAN-5), including the impact on financial landscapes and risks to financial stability. It finds that global liquidity transmission and changing financial landscapes have contributed to increases in risks to financial stability in ASEAN-5. Therefore, policymakers in ASEAN-5 should prepare for possible liquidity tightening, strengthen regulation of nonbanks, and establish a comprehensive financial stability framework. A number of couontries are well-advanced in this process.

Series:

Working Paper No. 15/211

Subject:

Association of Southeast Asian Nations Brunei Darussalam Cambodia Capital inflows Central banks and their policies Cross country analysis Financial risk Financial stability Global liquidity Indonesia International liquidity Malaysia Myanmar Nonbank financial sector Philippines Shadow banking Singapore Thailand Vietnam

English

Publication Date:

September 29, 2015

ISBN/ISSN:

9781513543734/1018-5941

Stock No:

WPIEA2015211

Format:

Paper

Pages:

36

Please address any questions about this title to publications@imf.org