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What Drives India’s Financial Integration?
We explore the determinants of Financial Integration (FI) in the Indian context from 1996Q2-2018Q4. Using a newly constructed quarterly financial integration index based on the stock of external assets and liabilities position and a range of econometric methodologies, we find that a structural factor (trade openness) and an institutional factor (institutional quality) drive financial integration in India. Our findings also show the importance of exchange rate volatility, global growth rate, and global interest rate in determining India’s financial integration. These findings have crucial implications in designing the policy framework for achieving higher financial integration in India.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.2 - Karya Akhir (Majalah) | 1 |
| Penerbit | Jakarta Bank Indonesia., 2023 |
|---|---|
| Edisi | Volume 26, 16th BMEB Call for Papers Special Issue |
| Subjek | India Financial integration |
| ISBN/ISSN | 2460-9196 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 148 p. |
| Info Detail Spesifik | Bulletin Of Monetary Economics And Banking |
| Other Version/Related | Tidak tersedia versi lain |
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