Financial Integration in East Asia: An Empirical Investigation

Determinants Of Financial Integration In The East Asia- Pacific Region

determinants of financial integration in the east asia- pacific region

Assessing financial integration: a comparison between Europe and East Asia

Two parallel analyses are carried out in order to assess the degree of integration of financial markets within Europe, within East Asia, between these two regions, and with the external financial community. The investigation is based on cointegration and Granger causality techniques, to detect the presence of short-run and long-run cross-country relationships in equity and bond markets. The emp...

Japan’s Saving, Financial Linkages, and Capital Mobility in East Asia before the 1997-98 Currency Crisis: An Empirical Investigation

I examine financial linkages in East Asia before the 1997-98 crisis by testing long-run and causal relationships between Japan’s saving and eight other Asian economies’ domestic investment. The results suggest that there is a long-run (cointegrating) relationship between Japan’s saving and the domestic investments of four of the five crisis economies and Taiwan. There is also evidence that Japa...

Institutional Quality, Trade Openness, and Financial Sector Development in Asia: An Empirical Investigation

We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the dynamic generalized method of moments to a panel data set of 26 economies in the region. We find that better governance and institutional quality foster financial development in developing economies while economic growth and trade openness are key determinants of financial dept...