Financial integration and its implication for economic union in Asia

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 coe...

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Main Authors:	Kumari , Sarinder, Habibullah, Muzafar Shah, Azali, M., Yusoff, Mohammed, Yoke-Kee, Eng
Format:	Book Chapter
Language:	English
Published:	Ashgate Publishing Limited 2005
Subjects:	HG201 Money
Online Access:	http://irep.iium.edu.my/28316/ http://irep.iium.edu.my/28316/1/chapter_10_financial_intergration_and_its_implication.pdf

id	iium-28316
recordtype	eprints
spelling	iium-283162017-08-09T02:42:05Z http://irep.iium.edu.my/28316/ Financial integration and its implication for economic union in Asia Kumari , Sarinder Habibullah, Muzafar Shah Azali, M. Yusoff, Mohammed Yoke-Kee, Eng HG201 Money 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. Ashgate Publishing Limited 2005 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/28316/1/chapter_10_financial_intergration_and_its_implication.pdf 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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG201 Money
spellingShingle	HG201 Money Kumari , Sarinder Habibullah, Muzafar Shah Azali, M. Yusoff, Mohammed Yoke-Kee, Eng Financial integration and its implication for economic union in Asia
description	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.
format	Book Chapter
author	Kumari , Sarinder Habibullah, Muzafar Shah Azali, M. Yusoff, Mohammed Yoke-Kee, Eng
author_facet	Kumari , Sarinder Habibullah, Muzafar Shah Azali, M. Yusoff, Mohammed Yoke-Kee, Eng
author_sort	Kumari , Sarinder
title	Financial integration and its implication for economic union in Asia
title_short	Financial integration and its implication for economic union in Asia
title_full	Financial integration and its implication for economic union in Asia
title_fullStr	Financial integration and its implication for economic union in Asia
title_full_unstemmed	Financial integration and its implication for economic union in Asia
title_sort	financial integration and its implication for economic union in asia
publisher	Ashgate Publishing Limited
publishDate	2005
url	http://irep.iium.edu.my/28316/ http://irep.iium.edu.my/28316/1/chapter_10_financial_intergration_and_its_implication.pdf
first_indexed	2023-09-18T20:41:49Z
last_indexed	2023-09-18T20:41:49Z
_version_	1777409415568162816

Financial integration and its implication for economic union in Asia

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