Bøger om ASEAN

This report explores how the central securities depository and real-time gross settlement (CSD-RTGS) linkage model could be applied to collective investment scheme (CIS) passporting frameworks in Asia to enhance the post-trade efficiency of the region's bond markets. In Asia, there are a number of multilateral CIS passporting frameworks, but little attention has been given to how delivery versus payment settlements can be facilitated under such frameworks. The report finds that the CSD-RTGS linkage model has considerable potential to be applied in Asia as a settlement engine for the cross-border transactions of bonds (as well as for other financial instruments). It outlines how this can be achieved by interlinking the region's CIS central platforms and delivery versus payment settlements infrastructure under the CSD-RTGS model.

Active use of local currency-denominated bonds for cross-border collateral transactions could help the development of regional bond markets by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. This report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People's Republic of China, Japan, and the Republic of Korea-known collectively as ASEAN+3.

Since the passage of the ASEAN Charter in 2008, ASEAN has transformed itself from a loose economic cooperation, into a formal intergovernmental organization designed to create an "ASEAN Community" forged together in three pillar communities - the ASEAN Political-Security Community, ASEAN Economic Community, and tASEAN Socio-Cultural Community. Forty years of pre-Charter ASEAN practices, coupled with over ten years of post-Charter ASEAN practices thus far, has witnessed the conclusion of hundreds of legally binding regional treaties and similarly binding international instruments in all areas of economic, political-security, and socio-cultural concerns for Southeast Asia to achieve ASEAN's rule of law-based development objective. Pre-Charter and post-Charter ASEAN Law is variably implemented under a hybrid governance system that depends heavily on ASEAN Member State national implementation alongside ASEAN's evolving regional institutions. The result is not a model of deep integration as in the case of the European Union, but a particular paradigm of horizontal embeddedness of ASEAN Law - in all its norms and operational practices - contingent on the capacities and compliance of national government bureaucracies in Southeast Asia.This edited collection is a concise authoritative volume covering the practical, doctrinal, legal, and policy aspects of the new regime of ASEAN Law and its consequences for realizing rule of law-based development in Southeast Asia's emerging single market and production base. Drawing together contributions from a range of key thinkers in the field, the editors present the legal and policy-making issues implicated in the practical implementation of Southeast Asia's single market and its regime for the free movement of goods, services, foreign investment, and cross-border labor. The book also examines the nature of regional law-making under ASEAN before and after the commencement of regional integration in 2015, the nature of ASEAN's economic regulators, as well as the evolving structure for enforcement and harmonization of "ASEAN Law" through the array of Southeast Asian national courts, arbitral tribunals, and incipient mechanisms for inter-State, intra-regional, and individual-State conflict management and dispute resolution.This book is highly relevant to students, scholars, and policy-makers with an interest in ASEAN Law and regional policy, and to Southeast Asian studies in general.

This book covers various strategic issues around maritime security in terms of how Indonesia has sought to implement its Global Maritime Fulcrum (GMF) vision, evaluating its regional impact within ASEAN. The Global Maritime Fulcrum' vision was declared by President Joko Widodo to refocus Indonesia's development paradigm to prioritize its maritime aspect in the Indo-Pacific. Divided across five pillars, namely: maritime culture, maritime resource management, maritime infrastructure and connectivity development, maritime diplomacy and maritime defense, the book presents that the implementation of this vision will doubtless have a significant regional impact, particularly in setting regional maritime agendas. In promoting an understanding of the challenges presented in implementing the Global Maritime Fulcrum and unpacking its multifaceted impact in the region, this book delves into Indonesia's maritime vision, the existing maritime arrangements within ASEAN, and Indonesia's interests in terms of its political economy relating to the maritime sector, strategic security issues, maritime diplomacy, and related regional power dynamics. Translated from Bahasa Indonesia into English, the book is relevant to scholars and policymakers in maritime studies, international relations, and regional studies relating to politics and power dynamics in Indonesia, specifically, and ASEAN more broadly.