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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 160
Function: strtolower

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

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Filename: drivers/Session_files_driver.php

Line Number: 132

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

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Filename: drivers/Session_files_driver.php

Line Number: 290

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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File: /home/csis3web/old.csis.or.id/index.php
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Function: require_once

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Filename: drivers/Session_files_driver.php

Line Number: 164

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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Filename: drivers/Session_files_driver.php

Line Number: 233

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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

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Filename: drivers/Session_files_driver.php

Line Number: 313

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

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Filename: drivers/Session_files_driver.php

Line Number: 354

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
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Function: require_once

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Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

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Filename: Session/Session.php

Line Number: 315

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

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Filename: Session/Session.php

Line Number: 316

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

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Filename: Session/Session.php

Line Number: 317

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
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Function: require_once

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Filename: Session/Session.php

Line Number: 375

Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
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Function: require_once

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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
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Filename: Session/Session.php

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Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
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Function: require_once

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Backtrace:

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 173
Function: _ci_load_library

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
Line: 247
Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 65
Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
Line: 8
Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 160
Function: strtolower

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
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Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
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Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
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File: /home/csis3web/old.csis.or.id/protected/framework.php
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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 160
Function: strtolower

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
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Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
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Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
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Function: __construct

File: /home/csis3web/old.csis.or.id/protected/framework.php
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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 160
Function: strtolower

File: /home/csis3web/old.csis.or.id/protected/base/core/X_Loader.php
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Function: library

File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
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Function: initialize

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
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File: /home/csis3web/old.csis.or.id/protected/framework.php
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File: /home/csis3web/old.csis.or.id/protected/base/third_party/MX/Loader.php
Line: 210
Function: model

File: /home/csis3web/old.csis.or.id/protected/modules/web/Publication/controllers/Publication.php
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Function: model

File: /home/csis3web/old.csis.or.id/protected/framework.php
Line: 229
Function: require_once

File: /home/csis3web/old.csis.or.id/index.php
Line: 31
Function: require_once

ASEAN Capital Market Integration - The Way Forward | CSIS

ASEAN Capital Market Integration - The Way Forward

25 Apr 2019

Abstract


The establishment of ASEAN was driven primarily by regional security reasons and further strengthened by their economic cooperation. Although it has been suggested that ASEAN should forge a greater financial integration, there are some reasons to believe that it may not be attainable in the near term, i.e. the segmented nature of ASEAN’s financial markets, varied level of financial developments in ASEAN members, and low-level of capital account liberalization. The objective of this paper is to propose what ASEAN should do with regards to the pros and cons of financial integration. Based on the discussion at financial markets development, capital markets, bond markets, and regional financial integration in ASEAN, we have proposed that each ASEAN member country should continue to develop its capital market to promote the efficiency of investment and boost the economic growth.

File: asean_capital_market_integration__the_way_forward1.pdf
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