{"id":"https://openalex.org/W409961979","doi":null,"title":"Has Regional Integration Led to Greater Risk-Sharing in Asia?","display_name":"Has Regional Integration Led to Greater Risk-Sharing in Asia?","publication_year":2014,"publication_date":"2014-07-01","ids":{"openalex":"https://openalex.org/W409961979","mag":"409961979"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:ris:adbrei:0135","doi":null,"is_oa":false,"landing_page_url":"http://aric.adb.org/pdf/workingpaper/WP135_Ng_Yarcia_Risk_Sharing.pdf","pdf_url":"http://aric.adb.org/pdf/workingpaper/WP135_Ng_Yarcia_Risk_Sharing.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10419/109627","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5075088372","display_name":"Thiam Hee Ng","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210129130","display_name":"Asian Development Bank","ror":"https://ror.org/036bcm133","country_code":"PH","type":"other","lineage":["https://openalex.org/I4210129130"]}],"countries":["PH"],"is_corresponding":false,"raw_author_name":"Thiam Hee Ng","raw_affiliation_strings":["Asian Development bank"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Asian Development bank","institution_ids":["https://openalex.org/I4210129130"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5038389277","display_name":"Damaris Yarcia","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Damaris Yarcia","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":"135","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.989300012588501,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.989300012588501,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.004100000020116568,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0035000001080334187,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-sharing","display_name":"risk sharing","score":0.7689999938011169},{"id":"https://openalex.org/keywords/regional-integration","display_name":"regional integration","score":0.8230000138282776},{"id":"https://openalex.org/keywords/financial-integration","display_name":"financial integration","score":0.9700000286102295},{"id":"https://openalex.org/keywords/asian-financial-crisis","display_name":"Asian financial crisis","score":0.8059999942779541},{"id":"https://openalex.org/keywords/output-correlation","display_name":"output correlation","score":0.9350000023841858},{"id":"https://openalex.org/keywords/east-asia","display_name":"East Asia","score":0.7269999980926514},{"id":"https://openalex.org/keywords/consumption-smoothing","display_name":"consumption smoothing","score":0.5870000123977661}],"concepts":[{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.736050009727478},{"id":"https://openalex.org/C2780615719","wikidata":"https://www.wikidata.org/wiki/Q5449723","display_name":"Financial integration","level":3,"score":0.7114089727401733},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.49952030181884766},{"id":"https://openalex.org/C2986115478","wikidata":"https://www.wikidata.org/wiki/Q186290","display_name":"Positive correlation","level":2,"score":0.46329888701438904},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.44996094703674316},{"id":"https://openalex.org/C117220453","wikidata":"https://www.wikidata.org/wiki/Q5172842","display_name":"Correlation","level":2,"score":0.44883793592453003},{"id":"https://openalex.org/C2988405389","wikidata":"https://www.wikidata.org/wiki/Q6987247","display_name":"Negative correlation","level":2,"score":0.4212174415588379},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3458102345466614},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3368263840675354},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.3341602683067322},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.26740890741348267},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.17287638783454895},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15276890993118286},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:ris:adbrei:0135","doi":null,"is_oa":false,"landing_page_url":"http://aric.adb.org/pdf/workingpaper/WP135_Ng_Yarcia_Risk_Sharing.pdf","pdf_url":"http://aric.adb.org/pdf/workingpaper/WP135_Ng_Yarcia_Risk_Sharing.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:econstor.eu:10419/109627","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/109627","pdf_url":"http://hdl.handle.net/10419/109627","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},{"id":"mag:409961979","doi":null,"is_oa":false,"landing_page_url":"http://aric.adb.org/pdf/workingpaper/WP135_Ng_Yarcia_Risk_Sharing.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"pmh:oai:econstor.eu:10419/109627","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/109627","pdf_url":"http://hdl.handle.net/10419/109627","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W409961979.pdf","grobid_xml":"https://content.openalex.org/works/W409961979.grobid-xml"},"referenced_works_count":128,"referenced_works":["https://openalex.org/W183230280","https://openalex.org/W190178854","https://openalex.org/W280951751","https://openalex.org/W320416415","https://openalex.org/W651065369","https://openalex.org/W1493572846","https://openalex.org/W1496308033","https://openalex.org/W1498057044","https://openalex.org/W1513490155","https://openalex.org/W1520834739","https://openalex.org/W1526219242","https://openalex.org/W1530950857","https://openalex.org/W1531451353","https://openalex.org/W1531979321","https://openalex.org/W1541992859","https://openalex.org/W1542476838","https://openalex.org/W1556108688","https://openalex.org/W1562495370","https://openalex.org/W1564274826","https://openalex.org/W1567642200","https://openalex.org/W1569728311","https://openalex.org/W1570135406","https://openalex.org/W1572022954","https://openalex.org/W1579309286","https://openalex.org/W1582875669","https://openalex.org/W1590469146","https://openalex.org/W1594571104","https://openalex.org/W1599468766","https://openalex.org/W1600787087","https://openalex.org/W1600970151","https://openalex.org/W1659015604","https://openalex.org/W1896357711","https://openalex.org/W1969786594","https://openalex.org/W1987842297","https://openalex.org/W2027741199","https://openalex.org/W2039805794","https://openalex.org/W2046880220","https://openalex.org/W2079273604","https://openalex.org/W2089270333","https://openalex.org/W2096333206","https://openalex.org/W2097365454","https://openalex.org/W2099385276","https://openalex.org/W2100268845","https://openalex.org/W2101093535","https://openalex.org/W2102173158","https://openalex.org/W2102327064","https://openalex.org/W2103468080","https://openalex.org/W2106506324","https://openalex.org/W2107242353","https://openalex.org/W2107306134","https://openalex.org/W2108722739","https://openalex.org/W2110273218","https://openalex.org/W2113701298","https://openalex.org/W2114498740","https://openalex.org/W2114573374","https://openalex.org/W2115955047","https://openalex.org/W2116612925","https://openalex.org/W2116832816","https://openalex.org/W2117029828","https://openalex.org/W2118770380","https://openalex.org/W2119394724","https://openalex.org/W2120555249","https://openalex.org/W2122325431","https://openalex.org/W2122557535","https://openalex.org/W2124061938","https://openalex.org/W2124318041","https://openalex.org/W2126024325","https://openalex.org/W2126356659","https://openalex.org/W2126831378","https://openalex.org/W2128008957","https://openalex.org/W2128119914","https://openalex.org/W2128346041","https://openalex.org/W2130965653","https://openalex.org/W2132602608","https://openalex.org/W2132721765","https://openalex.org/W2134178467","https://openalex.org/W2134333759","https://openalex.org/W2134495273","https://openalex.org/W2135151986","https://openalex.org/W2136159287","https://openalex.org/W2136633106","https://openalex.org/W2138321525","https://openalex.org/W2140148609","https://openalex.org/W2140220659","https://openalex.org/W2140903437","https://openalex.org/W2144039141","https://openalex.org/W2145950540","https://openalex.org/W2146147480","https://openalex.org/W2147009982","https://openalex.org/W2147142487","https://openalex.org/W2147379856","https://openalex.org/W2147667310","https://openalex.org/W2148181958","https://openalex.org/W2150034890","https://openalex.org/W2152294762","https://openalex.org/W2154159879","https://openalex.org/W2154823441","https://openalex.org/W2158697978","https://openalex.org/W2158832287","https://openalex.org/W2158985849","https://openalex.org/W2161413546","https://openalex.org/W2161775525","https://openalex.org/W2161955824","https://openalex.org/W2162322152","https://openalex.org/W2162847193","https://openalex.org/W2163693632","https://openalex.org/W2163781981","https://openalex.org/W2163845599","https://openalex.org/W2166703964","https://openalex.org/W2167141783","https://openalex.org/W2170062056","https://openalex.org/W2179552051","https://openalex.org/W2205209668","https://openalex.org/W2324988855","https://openalex.org/W2953591352","https://openalex.org/W3122169125","https://openalex.org/W3123833902","https://openalex.org/W3124132067","https://openalex.org/W3124581067","https://openalex.org/W3124732942","https://openalex.org/W3126036228","https://openalex.org/W3133095964","https://openalex.org/W7095333391","https://openalex.org/W7095645464","https://openalex.org/W7097599368","https://openalex.org/W7098137287","https://openalex.org/W7100220537","https://openalex.org/W7100916500"],"related_works":["https://openalex.org/W3161687898","https://openalex.org/W2113496470","https://openalex.org/W2238590222","https://openalex.org/W7100548565","https://openalex.org/W2955000160","https://openalex.org/W2079273604","https://openalex.org/W3122727108","https://openalex.org/W2148181958","https://openalex.org/W2162847193","https://openalex.org/W2995146982"],"abstract_inverted_index":{"The":[0,122,133],"1997\u20131998":[1],"Asian":[2],"financial":[3,50],"crisis":[4],"revealed":[5],"the":[6,28,32,71,82,88,115,150,165,172,183],"latent":[7],"risks":[8,20],"present":[9],"in":[10,75,85,87,96,114,131,135,138,147],"an":[11,142],"increasingly":[12],"integrated":[13],"global":[14,173],"economy":[15],"and":[16,105,109,155],"how":[17,35],"virulent":[18],"these":[19],"can":[21,55],"be":[22,129],"when":[23],"roused":[24],"from":[25],"dormancy.":[26],"Given":[27],"inevitability":[29],"of":[30,46,73,101,118,185],"integration,":[31,48,51],"challenge":[33],"is":[34,52,92,167,182],"to":[36,62,94,107,128],"maximize":[37],"its":[38,42],"benefits":[39],"while":[40],"minimizing":[41],"costs.":[43],"One":[44],"benefit":[45],"greater":[47,191],"particularly":[49],"that":[53,125,178],"countries":[54],"diversify":[56],"their":[57,65],"risks,":[58],"thus":[59],"allowing":[60],"them":[61],"smooth":[63],"out":[64],"consumption.":[66],"This":[67],"paper":[68],"analyzes":[69],"whether":[70],"degree":[72],"risk-sharing":[74,91,126],"East":[76],"Asia":[77],"has":[78],"improved":[79],"along":[80],"with":[81,141,171],"observed":[83],"rise":[84],"integration":[86],"region.":[89],"Higher":[90],"expected":[93],"result":[95,184],"(i)":[97],"higher":[98,112,144,179],"intraregional":[99],"correlation":[100,137,146,151,163,170,181],"consumption":[102,119,139,154,180],"across":[103],"time":[104],"relative":[106],"output,":[108],"(ii)":[110],"a":[111],"residual":[113],"panel":[116],"regression":[117],"on":[120],"output.":[121,148],"results":[123],"show":[124],"continues":[127],"low":[130],"Asia.":[132],"increase":[134],"cross-economy":[136,145],"coincided":[140],"even":[143],"Furthermore,":[149],"between":[152],"domestic":[153,156],"output":[157],"growth":[158],"remains":[159],"high.":[160],"And":[161],"finally,":[162],"within":[164],"region":[166],"lower":[168],"than":[169,190],"economy.":[174],"These":[175],"findings":[176],"suggest":[177],"stronger":[186],"economic":[187],"ties":[188],"rather":[189],"risk-sharing.":[192]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":9}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}