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Financial openness and market liquidity in emerging markets

被引：25
|
作者：
Lee, Chia-Hao [1 ]
Chou, Pei-I [2 ]
机构：
[1] Natl Taichung Univ Sci & Technol, Dept Finance, Taichung 404, Taiwan
[2] Natl Open Univ, Dept Business, 172 Zhongzheng Rd, New Taipei 247, Taiwan
来源：
FINANCE RESEARCH LETTERS | 2018年 / 25卷
关键词：
Financial openness; Market liquidity; Globalization; Emerging markets; LIBERALIZATION; BANKING; GROWTH; RISK;
D O I：
10.1016/j.frl.2017.10.024
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The goal of this study is to explore the effect of financial openness in emerging markets on the domestic financial market liquidity and then to clarify the linkage between financial openness and market liquidity. The empirical results show that higher the degree of the financial market openness enhances the domestic financial market liquidity, and the effect of the financial market openness on the emerging markets is more significance than the developed markets. We expect the empirical results of this study can provide a new insight into the development of emerging financial markets.
引用
收藏
页码：124 / 130
页数：7
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