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| TA Name | Regional Cooperation to Develop Stable Financial Markets in Asia | |
| Country | Regional | |
| Project Number | 41524- 01 | |
| Thematic Classification |
Economic growth
Regional Cooperation Private Sector Development |
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| Impact | The expected impact of the TA is the enhanced stability of financial markets in Asia-rooted in sound, efficient, and stable financial systems and institutions, increased liquidity in local currency markets, and sustainable economic growth. | |
| Outcome | Drawing on lessons learned from other regional experiences that have contributed to financial stability, the intended outcome of the TA is a set of balanced policy recommendations that will enhance the stability of regional financial markets by (i) improving the effectiveness of regional financial market surveillance, supervision, and regulation; (ii) increasing resilience against large, unexpected external shocks by addressing the pro-cyclicality of financial systems and appointing prudential regulators, macro-prudential supervisors, and related standard-setters; and (iii) identifying how the finance component of the Asian growth model can contribute to economic growth that is better balanced between exports and domestic demand. | |
| Outputs and Timeframe |
1. At least three working papers will be published. The working papers to be prepared will have the tentative titles and dates of completion as follows: (i) Global Crisis Response: New Financial Frontiers-Meeting the Challenges (2009) (see Appendix 4 for preliminary outline) , (ii) Rethinking the Financial Component of the Asian Growth Model (2009), and (iii) Addressing Pro-Cylicality in Asian Financial Markets (2010).
2. At least two international conferences and/or workshops will be organized: The tentative titles, dates, and locations of the conferences are as follows: (i) Global Crisis Response-Financial Policy Cases and Lessons from Advanced Economies in Seoul, Korea (September 2009) ; and (ii) Beyond the Global Crisis: A New Asian Growth Model in Kuala Lumpur, Malaysia (October 2009). |
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| Procurement | ||
| Consulting Services |
A. Financial Market Experts (international, 2 person-months)
B. Macroeconomists (international, 2 person-months) C. Resource Persons for Participating in Workshop and Conferences (international, 9 person-months) D. Editor (international, 1 person-month) E. Project Coordinator/Research Analyst (national, 2 person-months) |
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| Responsible ADB Officer |
Anna Charlotte Schou-Zibell |
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| Responsible ADB Department |
Office of Regional Economic Integration |
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| Responsible ADB Division |
Office of Regional Economic Integration |
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