Institutional Quality, Trade Openness, and Financial Sector Development in Asia: An Empirical Investigation

Le, Thai-Ha; Kim, Jungsuk; Lee, Minsoo | September 2015
Abstract
The paper examines the determinants of financial development in Asia. It finds 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.
Citation
Le, Thai-Ha; Kim, Jungsuk; Lee, Minsoo. 2015. Institutional Quality, Trade Openness, and Financial Sector Development in Asia: An Empirical Investigation. © Asian Development Bank. http://hdl.handle.net/11540/5157. License: CC BY 3.0 IGO.
ISSN
2313-6537 (Print), 2313-6545 (e-ISSN)
Keywords
Economic Development
Economic Infrastructure
Regional Economic Development
Financial Sector Regulation
Financial Stability
Financial aid
Economies in transition
Local Government
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Citable URI
http://hdl.handle.net/11540/5157
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