Author(s): Jeni Oira*
Financial integration has become a key driver of economic growth and stability in Asia over the past few decades. The region has experienced rapid financial development, increased cross-border capital flows, and deeper integration of banking and capital markets. These changes have supported industrial growth, trade expansion, and infrastructure development. However, financial integration also exposes Asian economies to external shocks, volatility, and systemic risks. This article examines the evolution of financial integration in Asia, its impact on economic growth, major challenges faced by the region, and future opportunities for sustainable financial development. The study highlights the importance of regulatory coordination, financial inclusion, and digital finance in strengthening Asia’s financial ecosystem.