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Does Financial Openness Affect Economic Growth In Asian Economies? A Case Study In Selected Asian Economies, 1980-2010, Hsinrong Wei
Does Financial Openness Affect Economic Growth In Asian Economies? A Case Study In Selected Asian Economies, 1980-2010, Hsinrong Wei
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In recent decades, financial liberalization has been one of the most important strategies for Asian countries to promote growth. However, debate emerges following several financial crises on whether liberalizing financial markets and allowing for free access to international capital markets, would benefit or impede economic development. The objective of this study is to examine the impact of financial openness on selected seventeen Asian economies and answer the three questions: 1. Is there any linkage between financial openness and economic growth for these seventeen Asian countries? 2. Does any of the financial openness pose positive or negative effects? 3. If no …