Multi-country empirical investigation into international financial integration

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.

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Abstract

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.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: Deposited in accordance with the copyright policy of the publisher.
Depositing User: Dr Anil Mishra
Faculty / Department / School: Historic - Faculty of Business - Department of Accounting
Date Deposited: 11 Oct 2007 01:11
Last Modified: 02 Jul 2013 22:45
Uncontrolled Keywords: international financial integration; external assets and liabilities; international capitalisation; investment returns
Fields of Research (FOR2008): 14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance
14 Economics > 1402 Applied Economics > 140207 Financial Economics
Socio-Economic Objective (SEO2008): B Economic Development > 91 Economic Framework > 9101 Macroeconomics > 910109 Savings and Investments
Identification Number or DOI: doi: 10.1080/13547860600923775
URI: http://eprints.usq.edu.au/id/eprint/2623

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