Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?

Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?

This paper aims to investigate the degree of financial integration by employing Markov Switching (MS) technique. It further examines the influence of financial integration on the real sectors by employing GMM approach. The finding indicates following outcomes; (1) the financial markets of ASEAN+3 ec...

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Main Authors: Rahman, Md S., Shahari, Farihana
Format: Article
Language:English
English
English
Published: World Scientific 2019
Subjects:
HB Economic Theory
HG Finance
Online Access:http://irep.iium.edu.my/72630/
http://irep.iium.edu.my/72630/
http://irep.iium.edu.my/72630/
http://irep.iium.edu.my/72630/19/72630_Does%20the%20Financial%20Integration%20in%20ASEAN%2B3%20Respond%20to%20Financial%20Cooperation%20Agreement%20and%20Influence%20the%20Real%20Sectors.pdf
http://irep.iium.edu.my/72630/2/72630_Does%20the%20Financial%20Integration%20in%20ASEAN_scopus.pdf
http://irep.iium.edu.my/72630/13/72630_Does%20the%20Financial%20Integration%20in%20ASEAN_wos.pdf
id iium-72630
recordtype eprints
spelling iium-726302020-03-09T09:14:47Z http://irep.iium.edu.my/72630/ Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors? Rahman, Md S. Shahari, Farihana HB Economic Theory HG Finance This paper aims to investigate the degree of financial integration by employing Markov Switching (MS) technique. It further examines the influence of financial integration on the real sectors by employing GMM approach. The finding indicates following outcomes; (1) the financial markets of ASEAN+3 economies are weakly integrated during pre-agreement periods; (2) the degree of financial integration improves during post-agreement period in which financial integration has positive influence on the real economy; (3) higher degree of financial integration indicates a positive influence on the real economies. Finally, this study offers policy implication for stabilizing the real economy. World Scientific 2019-03-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/72630/19/72630_Does%20the%20Financial%20Integration%20in%20ASEAN%2B3%20Respond%20to%20Financial%20Cooperation%20Agreement%20and%20Influence%20the%20Real%20Sectors.pdf application/pdf en http://irep.iium.edu.my/72630/2/72630_Does%20the%20Financial%20Integration%20in%20ASEAN_scopus.pdf application/pdf en http://irep.iium.edu.my/72630/13/72630_Does%20the%20Financial%20Integration%20in%20ASEAN_wos.pdf Rahman, Md S. and Shahari, Farihana (2019) Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors? Review of Pacific Basin Financial Markets and Policies, 22 (1). ISSN 0219-0915 E-ISSN 1793-6705 https://www.worldscientific.com/doi/abs/10.1142/S0219091519500024 10.1142/S0219091519500024
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
English
topic HB Economic Theory
HG Finance
spellingShingle HB Economic Theory
HG Finance
Rahman, Md S.
Shahari, Farihana
Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?
description This paper aims to investigate the degree of financial integration by employing Markov Switching (MS) technique. It further examines the influence of financial integration on the real sectors by employing GMM approach. The finding indicates following outcomes; (1) the financial markets of ASEAN+3 economies are weakly integrated during pre-agreement periods; (2) the degree of financial integration improves during post-agreement period in which financial integration has positive influence on the real economy; (3) higher degree of financial integration indicates a positive influence on the real economies. Finally, this study offers policy implication for stabilizing the real economy.
format Article
author Rahman, Md S.
Shahari, Farihana
author_facet Rahman, Md S.
Shahari, Farihana
author_sort Rahman, Md S.
title Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?
title_short Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?
title_full Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?
title_fullStr Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?
title_full_unstemmed Does the financial integration in ASEAN + 3 respond to financial cooperation agreement and influence the real sectors?
title_sort does the financial integration in asean + 3 respond to financial cooperation agreement and influence the real sectors?
publisher World Scientific
publishDate 2019
url http://irep.iium.edu.my/72630/
http://irep.iium.edu.my/72630/
http://irep.iium.edu.my/72630/
http://irep.iium.edu.my/72630/19/72630_Does%20the%20Financial%20Integration%20in%20ASEAN%2B3%20Respond%20to%20Financial%20Cooperation%20Agreement%20and%20Influence%20the%20Real%20Sectors.pdf
http://irep.iium.edu.my/72630/2/72630_Does%20the%20Financial%20Integration%20in%20ASEAN_scopus.pdf
http://irep.iium.edu.my/72630/13/72630_Does%20the%20Financial%20Integration%20in%20ASEAN_wos.pdf
first_indexed 2023-09-18T21:42:55Z
last_indexed 2023-09-18T21:42:55Z
_version_ 1777413259381440512

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