Determinants of International Financial Integration of GCC Markets
Abdullah R. Alotaibi and Anil V. Mishra, School of Business, University of Western Sydney, Sydney, Australia, E-mail: A.Alotaibi@uws.edu.au, a.mishra@uws.edu.au
Abstract
This study examines the determinants of international financial integration of the Gulf Cooperation Council (GCC) markets with the rest of the world by constructing several quantity-based measures of financial integration. The results provide strong evidence that Trade Openness; financial openness and Domestic Credit have positive and significant impact on GCC markets’ measures of international financial integration. We find a negative change in financial integration measures due to Trade Openness ...
Get Emerging Markets and the Global Economy now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
