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:	eng eng
Published:	2017
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/7367/1/s812410_01.pdf https://etd.uum.edu.my/7367/2/s812410_02.pdf
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id	my-uum-etd.7367
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Kadir @ Shahar, Hanita
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
qualification_name	masters
qualification_level	Master's degree
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
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2017
url	https://etd.uum.edu.my/7367/1/s812410_01.pdf https://etd.uum.edu.my/7367/2/s812410_02.pdf
_version_	1747828206522597376
spelling	my-uum-etd.73672021-08-18T07:55:43Z The effect of financial integration on financial development: Evidence from ASEAN countries 2017 Syarifah Intan Munirah, Sayed Mahadzir Kadir @ Shahar, Hanita School of Economics, Finance & Banking School of Economics, Finance and Banking 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 https://etd.uum.edu.my/7367/ https://etd.uum.edu.my/7367/1/s812410_01.pdf text eng public https://etd.uum.edu.my/7367/2/s812410_02.pdf text eng public masters masters Universiti Utara Malaysia Abiad, A., & Mody, A. (2005). Financial reform: What shakes it? What shapes it? American Economic Review, 95(1), 66–88. Açıkgöz, Ş. (2009). 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The effect of financial integration on financial development: Evidence from ASEAN countries

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