An Empirical Examination of Capital Mobility in East Asia Emerging Markets
Global Economic Review, Vol. 35, pp. 97-111, 2006
Posted: 8 Mar 2007
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: 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
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