Bogacheva Olga, Smorodinov O.V.
Financial Integration in ASEAN: Theoretical Aspect
Publication Type:

ISSN 2075-1990

Implementation of the ASEAN Economic Community Blueprint (2007-2015) has been taking place in the period when directions and scale of the financial integration effects on the key macroeconomic indicators and national budget systems stability were not completely clear neither in economic theory nor in practice. The article deals with the theoretical concept of financial integration “indirect effects” on macroeconomic and budgetary parameters in developing countries, which was put forward by a group of economists in the beginning of 2000s. The authors support the point of view according to which in order to gain positive effects of financial integration, developing countries should not only try to attract more foreign investments but also develop financial market infrastructure. Thus, the authors propose a set of criteria and indicators that are necessary to conduct complete evaluation of financial integration effects both on economic growth and national budget systems in developing countries, including ASEAN. 

Russian Science Citation Index


Bogacheva Olga, Rykov I., Smorodinov O.
Financial Integration in ASEAN: Practice Analysis

Sidorova Elena
The Largest EU Countries: Budget Policy Problems / Sidorova E.A. // Contemporary Europe. – 2008. – No 4. – P. 100-111.

Nozdrev Stanislav
International financial market - the current state of development.

Kanaev Evgeny, Akhmanaeva S., Vaseneva E.A.
Achieving the Vision of the ASEAN Economic Community-2025: The Role of ASEAN Business Advisory Council

International financial market - the current state of development / Nozdrev S.V.

Krinichansky K., Rubtsov Boris
Financial sector regulation on the agenda of economic Policy reforms

Zhukova Tatiana
Будущее российского финансового рынка в международном и глобальном распределении финансовых ресурсов // Финансы, деньги, инвестиции. 2022. № 3. С. 10-17. DOI 10.36992/2222-0917_2022_3_10.

Zhukova Tatiana
Financial Formula for Spanish Economic Miracle

Mirkin Yakov
Новая экономическая политика для России // Научные труды Вольного экономического общества России. 2021. Т. 227, № 1. С. 115-127. DOI 10.38197/2072-2060-2021-227-1-115-127.

Sidorova Elena
Anti-crisis programmes in Germany and Great Britain / Sidorova E.A. // World Economics. – 2010. – No 4. – 2010. – P. 29-37.

Bahtaraeva Karina
Банковский сектор и рынок ценных бумаг ЕАЭС: сравнительный анализ рынков [Текст] / К.Б. Бахтараева // Рынок ценных бумаг. – 2016. – № 7. – С. 38 – 40.

Bahtaraeva Karina
Singapore: the role of financial system in the economic miracle

Bogacheva Olga, Smorodinov O.
Совершенствование системы стимулирующих выплат в федеральных государственных учреждениях // Экономика труда. 2021. Т. 8, № 1. С. 79-96. DOI 10.18334/et.8.1.111294.

Rubtsov Boris
Существует ли наднациональная система регулирования финансового рынка? // Финансы, деньги, инвестиции. 2021. № 3. С. 3-7. DOI 10.36992/2222-0917_2021_3_3.

Kondrat’ev Vladimir
Перспективы финансового капитализма // Перспективы. Электронный журнал. 2021. № 2-3 (25-26). С. 160-177. DOI 10.32726/2411-3417-2021-2-3-160-177. URL: (дата обращения 28.12.2021).

Финансовые стратегии модернизации экономики: мировая практика. Под ред. Я.М. Миркина. М.: Магистр, 2014, 496 с.

Usoskin Valentin
Basel III: Impact on Economic Growth (Review of Empirical Studies) / Usoskin Valentin, Belousova Veronika, Klintsova Marina

Adno Yuri
Год 2016-й: экономический рост в обход России [Текст] / Ю.Л. Адно // Металлы Евразии. – 2016. – № 1. – С. 8 – 14.

Zhukova Tatiana
Финансовая стратегия модернизации Китая: от начала политики открытости до наших дней [Текст] / Т.В. Жукова // Банковские услуги. – 2015. – № 5. – С. 28 – 39.

Volkov Aleksei
Transformation of the Swedish model.
Related publications

Comments (0)

No comments

Add comment

First news
Institute News

Pavel Timofeev made a presentation at an expert meeting in the Observo center On September 20, the Observo analytical center under the aegis of the Franco-Russian Chamber of Commerce and Industry hosted the second expert meeting with young scholars – specialists in French studies.



The articles by V. Zagashvili (contradictions and conflicts in the multilateral trading system are considered) and T. Rovinskaya (the interaction of various interests influencing the formation of the global climate agenda is analyzed) are devoted to the issues of global issues in issue No. 9 of the “MEMO Journal” for 2023.


Recently Published