The effect of financial integration on financial development: Evidence from ASEAN countries

Under the International Monetary Fund and World Bank structural adjustment reform programs, integration was introduced to the developing countries as a means of growing these economies. The objective of the study is to determine the effect of financial integration on financial development for nine m...

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Main Author: Syarifah Intan Munirah, Sayed Mahadzir
Format: Thesis
Language:English
English
Published: 2017
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Online Access:https://etd.uum.edu.my/7367/1/s812410_01.pdf
https://etd.uum.edu.my/7367/2/s812410_02.pdf
https://etd.uum.edu.my/7367/
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spelling my.uum.etd.73672021-08-18T07:55:43Z https://etd.uum.edu.my/7367/ The effect of financial integration on financial development: Evidence from ASEAN countries Syarifah Intan Munirah, Sayed Mahadzir HG Finance Under the International Monetary Fund and World Bank structural adjustment reform programs, integration was introduced to the developing countries as a means of growing these economies. The objective of the study is to determine the effect of financial integration on financial development for nine major economies in ASEAN countries. This study employs the unbalanced panel data for nine selected ASEAN countries, which are Malaysia, Indonesia, Thailand, Singapore, Cambodia, Myanmar, Philippines, Vietnam and Laos for the period 2004 and 2014. The study uses secondary data since the nature of the data is quantitative. It focused on six key variables namely financial depth as a dependent variable while financial integration, economic growth, inflation, real interest rate and income group as independent variables. The study discovers the positive relationship between financial integration and financial depth for nine ASEAN countries. In addition, the study also finds a positive link between economic growth and financial depth. The findings of this study will provide insights to regulators in improving rules and regulations of their country in order to reduce the restrictions of external account into the country. 2017 Thesis NonPeerReviewed text en https://etd.uum.edu.my/7367/1/s812410_01.pdf text en https://etd.uum.edu.my/7367/2/s812410_02.pdf Syarifah Intan Munirah, Sayed Mahadzir (2017) The effect of financial integration on financial development: Evidence from ASEAN countries. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Syarifah Intan Munirah, Sayed Mahadzir
The effect of financial integration on financial development: Evidence from ASEAN countries
description Under the International Monetary Fund and World Bank structural adjustment reform programs, integration was introduced to the developing countries as a means of growing these economies. The objective of the study is to determine the effect of financial integration on financial development for nine major economies in ASEAN countries. This study employs the unbalanced panel data for nine selected ASEAN countries, which are Malaysia, Indonesia, Thailand, Singapore, Cambodia, Myanmar, Philippines, Vietnam and Laos for the period 2004 and 2014. The study uses secondary data since the nature of the data is quantitative. It focused on six key variables namely financial depth as a dependent variable while financial integration, economic growth, inflation, real interest rate and income group as independent variables. The study discovers the positive relationship between financial integration and financial depth for nine ASEAN countries. In addition, the study also finds a positive link between economic growth and financial depth. The findings of this study will provide insights to regulators in improving rules and regulations of their country in order to reduce the restrictions of external account into the country.
format Thesis
author Syarifah Intan Munirah, Sayed Mahadzir
author_facet Syarifah Intan Munirah, Sayed Mahadzir
author_sort Syarifah Intan Munirah, Sayed Mahadzir
title The effect of financial integration on financial development: Evidence from ASEAN countries
title_short The effect of financial integration on financial development: Evidence from ASEAN countries
title_full The effect of financial integration on financial development: Evidence from ASEAN countries
title_fullStr The effect of financial integration on financial development: Evidence from ASEAN countries
title_full_unstemmed The effect of financial integration on financial development: Evidence from ASEAN countries
title_sort effect of financial integration on financial development: evidence from asean countries
publishDate 2017
url https://etd.uum.edu.my/7367/1/s812410_01.pdf
https://etd.uum.edu.my/7367/2/s812410_02.pdf
https://etd.uum.edu.my/7367/
_version_ 1709670576089464832
score 13.211869