An Empirical Examination of Capital Mobility in East Asia Emerging Markets

Global Economic Review, Vol. 35, pp. 97-111, 2006

Posted: 8 Mar 2007

See all articles by Feng Guo

Feng Guo

Institute of International Finance

Ying Sophie Huang

Zhejiang University, School of Management

Abstract

This paper examines the evidence on saving-investment correlations and the covered interest parity conditions to gauge the degree of capital mobility in eight East Asia emerging markets. It is found that Hong Kong and Singapore have fairly mobile capital markets while other countries exhibit financial openness only to a certain extent. The results also indicate that financial integration has been broadly enhanced among these markets following their liberalizations.

JEL Classification: F21, F36

Suggested Citation

Guo, Feng and Huang, Ying, An Empirical Examination of Capital Mobility in East Asia Emerging Markets. Global Economic Review, Vol. 35, pp. 97-111, 2006, Available at SSRN: https://ssrn.com/abstract=967756

Feng Guo (Contact Author)

Institute of International Finance

1333 H Street NW
Suite 800E
Washington, DC 20005
United States

Ying Huang

Zhejiang University, School of Management ( email )

866 Yuhangtang Road
Hangzhou, Zhejiang 310058
China

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