The People’s Republic of China’s Financial Policy and Regional Cooperation in the Midst of Global Headwinds

Date: June 2013
Type: Papers and Briefs
Series: Regional Economic Integration Working Papers
Editor: Azis, Iwan


This paper investigates the impact of the People’s Republic of China’s new direction of financial policy which warrants a slower but more sustainable growth. The rest of Asia needs to adjust to this new normal, and strengthen the safety nets.


  • Abstract
  • Introduction
  • The People’s Republic of China’s New Direction in Financial Policy
  • The People’s Republic of China–Asian Interdependence and its Implications
  • Capital Flow Contagion and Returns Spillovers
  • Regional Cooperation and Market Liquidity
  • Concluding Remarks
  • References