MONEYLESS FOREIGN INVESTMENT AND DEVELOPMENT OF ASIAN FINANCIAL MARKETS: Financial Linkages between Local Markets and Offshore Center

Abstract

1 Introduction : Untruth of "Common Knowledge" on FDI / 2 Japanese Firms's Behavior to Raise FDI Capital : Its Impacts on Local Financial Markets / 3 Impacts of Japanese FDI on Modernization of Local Financial Markets / 4 Development of Asian International Financial Markets : New Trends in Singapore / 5 Conclusion : Is There a Possibility of an Asian Regional or Sub-regional Monetary Area