Institutional quality, trade openness, and financial sector development in Asia : an empirical investigation

Thai-Ha Le, Jungsuk Kim, and Minsoo Lee

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 depth in developed economies.

MoreLess

Year of publication:	2015
Authors:	Thai-Ha Le ; Kim, Jungsuk ; Lee, Minsoo
Publisher:	Manila, Philippines : Asian Development Bank
Subject:	Asia and the Pacific \| economic growth \| financial development \| governance and institutionalquality \| panel data analysis \| trade openness \| Internationale Wirtschaft \| International economy \| Asien \| Asia \| Handelsliberalisierung \| Trade liberalization \| Wirtschaftswachstum \| Economic growth \| Finanzsektor \| Financial sector \| Asiatisch-pazifischer Raum \| Asia-Pacific region \| Panel \| Panel study

freely available

Full text |

More access options

hdl.handle.net

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	Online-Ressource (V, 18 S.)
Series:	ADB economics working paper series. - Manila : [Verlag nicht ermittelbar], ISSN 2313-6545, ZDB-ID 2508948-1. - Vol. 452
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:11540/5157 [Handle]
Classification:	G10 - General Financial Markets. General ; G20 - Financial Institutions and Services. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011346239