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Financial Development, Openness and Institutions

其他書名	Evidence from Panel Data
出版	Birkbeck, University of London, 2007
URL	http://books.google.com.hk/books?id=2_1hAQAACAAJ&hl=&source=gbs_api

註釋Utilising four annual panel datasets and dynamic panel data estimation procedures we find that trade and financial openness, as well as economic institutions are statistically important determinants of the variation in financial development across countries and over time since the 1980s. However, we find mixed support for the hypothesis that the simultaneous opening of both trade and capital accounts is necessary to promote financial development in a contemporary setting.