Mishra, Anil and Daly, Kevin (2006) Multi-country empirical investigation into international financial integration. In: 3rd Financial Markets Asia-Pacific Conference, 26-27 May 2005, Sydney, Australia.
PDF (Accepted version)
PDF (Accepted Version)
This paper focuses on the dynamics of international financial integration for a set of 13 industrial countries including Australia over the period 1990 to 2003 by analysing data on the level and composition of foreign assets and liabilities. The study provides insights into the broad trends on cross-country holdings and investigates the correlation of international asset positions with various ‘explanatory variables’ such as the degree of financial restrictions, the depth of financial markets, the openness to international trade, etc. The results show that the growth in goods trade and stock market capitalization are the main determinants of the growth in the scale of international balance sheets.
|Item Type:||Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)|
|Additional Information:||Deposited in accordance with the copyright policy of the publisher.|
|Uncontrolled Keywords:||international financial integration; external assets and liabilities; international capitalisation; investment returns|
|Subjects:||340000 Economics > 340200 Applied Economics > 340203 Finance Economics
340000 Economics > 340200 Applied Economics > 340206 International Economics and International Finance
|Depositing User:||Dr Anil Mishra|
|Date Deposited:||11 Oct 2007 01:11|
|Last Modified:||02 Jul 2013 22:45|
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