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东亚金融一体化程度在日趋增强,尤其是2007年全球金融危机之后,一体化呈现加速态势。但东亚金融一体化存在明显的失衡,债券市场与股票市场的一体化程度和推进速度存在显著差距。与此同时,金融一体化的不断推进也为东亚带来了国内、区域和全球三个层面的挑战,这些挑战成为东亚金融一体化继续推进的重要“反作用力”。
The degree of financial integration in East Asia is increasing day by day, especially after the global financial crisis in 2007, and the trend of integration is accelerating. However, there is a clear imbalance in the financial integration in East Asia. There is a significant gap between the degree of integration of the bond market and the stock market and the speed of their advancement. At the same time, the continuous advancement of financial integration has also brought challenges to three levels in East Asia at the domestic, regional and global levels. These challenges have become important “reactionary forces ” to continue the financial integration in East Asia.