Institutions of Market Shaping:An Analysis of the Institutionalization of Regional Financial Cooperation in East Asia
As to the existing institutions of regional financial cooperation in East Asia,in the environment of complicated international relations,the defects of dominant institutional framework and the absence of practical operational path have been the great obstacles to inter -governmental cultivation of institutions.According to an overview of the history of regional financial cooperation in East Asia,it is through institutions shaped by inter -market integration,such as regional transnational banking activities,cooperation in bond markets and coopera-tion in stock markets that transnational monetary cooperation and transnational capital operation could be en-hanced.In this process,transnational bank business may play an outstanding role,thus regional integration of financial resources may be achieved.On this basis,with the help of transnational bank business such as pay-ments and settlements,accommodations of fund and financial services,East Asian economies may benefit from the prosperity in regional financial market,thus regional financial cooperation may be promoted.It is a practical path that defects in inter -governmental cultivation may be compensated by inter -market integration to enhance the institutionalization of regional financial cooperation in East Asia.
regional cooperationfinancial cooperationinternational institutiontransnational business
国家科技期刊平台
NSTL
万方数据
维普
