IIUM Repository (IREP)

Financial integration and its implication for economic union in Asia

Kumari , Sarinder and Habibullah, Muzafar Shah and Azali, M. and Yusoff, Mohammed and Yoke-Kee, Eng (2005) Financial integration and its implication for economic union in Asia. In: Open economy macroeconomics in East Asia. Ashgate Publishing Limited, England, pp. 197-212. ISBN 9780754644002

[img] PDF (Financial integration and its implication for economic union in Asia)
Restricted to Registered users only

Download (312kB) | Request a copy

Abstract

This paper focuses on the savings-investment criterion as a way of measuring international capital mobility. The study uses data from 11 countries having different stages of financial and economic development. The results suggest that savings and investment are cointegrated. The saving retention coefficient is low suggesting that Asian countries have already satisfied one of the criteria of the optimum currency area.

Item Type: Book Chapter
Additional Information: 4178/28316
Uncontrolled Keywords: Economic policy, Economic conditions, Monetary policy, Foreign exchange rates, Economic integration, Financial crises
Subjects: H Social Sciences > HG Finance > HG201 Money
H Social Sciences > HG Finance > HG201 Money
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Professor Mohammed Yusoff
Date Deposited: 30 May 2013 11:38
Last Modified: 09 Aug 2017 10:42
URI: http://irep.iium.edu.my/id/eprint/28316

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year