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Institutional Quality, Trade Openness, and Financial Development in Asia

其他書名	An Empirical Investigation
出版	Asian Development Bank, 2015
URL	http://books.google.com.hk/books?id=LhU9jwEACAAJ&hl=&source=gbs_api

註釋We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the dynamic generalized method of moments to a panel data set of 26 economies in the region. We find that better governance and institutional quality foster financial development in developing economies while economic growth and trade openness are key determinants of financial depth in developed economies.