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The Impact of Global Liquidity on Financial Landscapes and Risks in the ASEAN-5 Countries
Author:
Tao Sun null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 211
Language:
English
Publication Date:
29 Sep 2015
DOI:
https://doi.org/10.5089/9781513543734.001
ISBN:
9781513543734
ISSN:
1018-5941
Pages:
36
Keywords:
WP; ASEAN-5; nonbank; market; asset; global liquidity; financial landscape; financial stability; market liquidity; credit-to-GDP ratio; nonbank development; liquidity transmission; liquidity shortage; nonbanks hereafter; diminished market liquidity; asset-to-GDP ratio; International liquidity; Financial sector stability; Financial sector risk; Liquidity; Securities; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund