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《Around Southeast Asia》 2009-11
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Addressing East Asia’s Financial Risks with Regional Cooperation

Gao Haihong  
This paper gives a focus on financial vulnerabilities that Asia has in face of financial crisis,namely, fundamentally non-decoupling with the world,less home-bias in financial flows,a strong link with the US dollar in exchange rate regimes,difficulty in foreign reserves management,absence of regional financial institution,and lessdeveloped financial market. Regional financial cooperation would serve as a safeguard against international financial instability,which should have three elements:to develop regional financial market,to establish a regional financial institution,and to have feasible form of regional exchange rate cooperation.
【CateGory Index】: F833
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