Does a country's openness to trade and capital accounts lead to financial development? evidence from Malaysia
This paper examines the role of trade openness and capital account openness in influencing financial development in Malaysia. The empirical findings using the bounds testing approach demonstrate that trade openness and capital account openness are positively significant determinants of financial dev...
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Format: | Article |
Language: | English |
Published: |
East Asian Economic Association and Blackwell Publishing
2008
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Online Access: | http://psasir.upm.edu.my/id/eprint/14125/1/Does%20a%20country%27s%20openness%20to%20trade%20and%20capital%20accounts%20lead%20to%20financial%20development%20evidence%20from%20Malaysia.pdf |