Asia Regional Integration Center

Tracking Asian Integration

RCI Chat August 2014

August 2014

ARIC releases August 2014 issue of its monthly newsletter, RCI Chat. It tracks regional cooperation and integration news in Asia focusing on cross-border infrastructure, trade and investment, money and finance, and regional public goods. This issue includes a feature on CAREC program's Senior Officials Meeting highlights. Subscribe.

ADB Working Paper Series on Regional Economic Integration No. 136 - How Capital Flows Affect Economy-wide Vulnerability and Inequality: Flow-of-Funds Analysis of Selected Asian Economies

July 2014

Using flow-of-funds data, I. Azis and D. Yarcia determines that the surge in liquidity in Asian financial systems has changed the behavior of agents and institutions. Read more.

ADB Working Paper Series on Regional Economic Integration No. 135 - Has Regional Integration Led to Greater Risk-sharing in Asia?

July 2014

With the ongoing financial development and integration in Asia, it is important to ensure that the benefits of integration outweigh its costs. In this paper, T.H. Ng and D. Yarcia analyzes whether the degree of risk-sharing in East Asia has improved along with the observed rise in integration. Read more.

FTA database update: Asian FTAs now total 278; 119 in effect

July 2014

Free trade agreements (FTAs) in Asia and the Pacific continue to grow rapidly. With only 55 FTAs in 2000, there are now 278 FTAs in various stages of development as of July 2014. Of these FTAs, 119 are in force while the rest are either proposed, under negotiation, or signed. Go to FTA database.

ADB Working Paper Series on Regional Economic Integration No. 134 - Financial Monitoring in the New ASEAN-5 Countries

May 2014

In this paper, S. H. Lim and N. G. Reyes examine the issues surrounding the implementation of global regulatory reforms—spearheaded by the G20 and mainly under the aegis of the Financial Stability Board—in Brunei Darussalam, Cambodia, Lao PDR, Myanmar, and Viet Nam (BCLMV). Read more.

ADB Working Paper Series on Regional Economic Integration No. 133 - Equity Home Bias, Financial Integration, and Regulatory Reforms: Implications for Emerging Asia

May 2014

C-Y. Park and R. V. Mercado, Jr. investigate the links between financial integration and regulatory quality; and equity home bias in emerging Asia. Results show that greater global and regional financial integration and better regulatory quality significantly lower equity home bias against global and regional stocks. Read more.

 

Calendar

21 Aug 2014

  • HKG  CPI
  • TAP  Unemployment
  • UKG  Retail Sales
  • US  Existing Home Sales
  • US  Leading Index
  • EA  Consumer Confidence
  • EA  PMI
  • EA  PMI
  • EA  PMI
  • FRA  PMI
  • FRA  PMI
  • GER  PMI
  • GER  PMI
  • US  PMI
  • US  Jobless Claims

25 Aug 2014

  • PHI  Imports
  • PHI  Trade Balance
  • HKG  Exports
  • HKG  Imports
  • HKG  Trade Balance
  • NZL  Exports
  • NZL  Imports
  • NZL  Trade Balance
  • SIN  CPI
  • TAP  IPI
  • THA  IPI
  • THA  Total Capacity Utilization
  • US  New Home Sales
  • GER  Business Confidence
  • US  PMI
  • VIE  CPI
  • VIE  Exports
  • VIE  IPI
  • VIE  Imports
  • VIE  Retail Sales
  • VIE  Trade Balance

26 Aug 2014

  • US  Housing Prices
  • SIN  IPI
  • US  Durable Goods Orders
  • KOR  Consumer Confidence
  • US  Consumer Confidence

27 Aug 2014

  • GER  Consumer Confidence
  • GER  Retail Sales
  • KOR  Current Account
  • TAP  Leading Index
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Daily Market Watch

Currency Per US$      Latest Closing1  %Chg2
Euro 0.75 -0.28
Japanese yen 102.57 -0.20
Bangladeshi taka 77.45 -0.01
  • 1 18 Aug 2014
  • 2 From previous close
  • Depreciation(-) Appreciation (+)
  • Source: Datastream
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Stock Indices      Latest Closing1  %Chg2
US Dow Jones Ind Avg 16,838.74 1.06
US Nasdaq 4,508.31 0.97
US S&P 500 1,971.74 0.85
  • 1 18 Aug 2014
  • 2 From previous close
  • Source: Datastream
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Commodity Prices      Latest Closing1  %Chg2
All Metals 246.30 0.00
Aluminum 2,017.75 -1.20
Brent Oil 100.44 -1.52
  • 1 18 Aug 2014
  • 2 From previous close
  • Source: Bloomberg and Datastream for cotton prices
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Overnight
Interbank rates
+   
  Latest Closing1  %Chg2
PRC 2.89 0.00
Hong Kong, China 0.22 0.00
India 7.60 0.00
  • +Except for Hong Kong (1-Month HIBOR);
    Sri Lanka (1-Day SLIBOR)
  • 1 18 Aug 2014
  • 2 From previous close
  • Source: Bloomberg
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