Multi-country empirical investigation into international financial integration

Paper


Mishra, Anil and Daly, Kevin. 2006. "Multi-country empirical investigation into international financial integration." 3rd Financial Markets Asia-Pacific Conference. Sydney, Australia 26 - 27 May 2005 United Kingdom. https://doi.org/10.1080/13547860600923775
Paper/Presentation Title

Multi-country empirical investigation into international financial integration

Presentation TypePaper
AuthorsMishra, Anil (Author) and Daly, Kevin (Author)
Journal or Proceedings TitleJournal of the Asia Pacific Economy
Journal Citation11 (4), pp. 444-461
Number of Pages18
Year2006
Place of PublicationUnited Kingdom
ISSN1354-7860
1469-9648
Digital Object Identifier (DOI)https://doi.org/10.1080/13547860600923775
Web Address (URL) of Paperhttp://www.informaworld.com/smpp/ftinterface~content=a779976007~fulltext=713240928
Conference/Event3rd Financial Markets Asia-Pacific Conference
Event Details
3rd Financial Markets Asia-Pacific Conference
Event Date
26 to end of 27 May 2005
Event Location
Sydney, Australia
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.

Keywordsinternational financial integration; external assets and liabilities; international capitalisation; investment returns
ANZSRC Field of Research 2020380110. International economics
380107. Financial economics
Public Notes

File reproduced in accordance with the copyright policy of the publisher/author.

Byline AffiliationsUniversity of Western Sydney
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https://research.usq.edu.au/item/9y369/multi-country-empirical-investigation-into-international-financial-integration

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