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New Regionalism In Global Order: Regional Trade Integration And Its Links With Financial Sector, Tulu Balkir
New Regionalism In Global Order: Regional Trade Integration And Its Links With Financial Sector, Tulu Balkir
Graduate Program in International Studies Theses & Dissertations
This dissertation evaluates the linkages of regional trade integration with regional financial integration and financial development in the EU and the ASEAN. The research utilizes quantitative and qualitative data to analyze development of banking sector and capital markets in these two regions, reviews related integration initiatives in the EU and ASEAN banking sectors and capital markets and their possible links with regional trade. The results mainly indicate that banking sector and capital markets perform important functions to provide financing to firms and infrastructure projects, to hedge trade and project risks and to support macro-financial stability, all of which can support …