Vietnam and Threshold Conditions in the Process of Global Financial Integration
The global financial crisis, once again, has ignited several intense debates over financial globalization merits, particularly for developing countries. There are probably a number of initial threshold conditions to be attained before substantial benefits may be reaped, and the risks of capital acco...
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University of Economics Ho Chi Minh City
2023
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| Truy cập trực tuyến: | http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=34ae728f-c9e9-4742-a0e6-264dc1c4f821 http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115484 |
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oai:scholar.dlu.edu.vn:DLU123456789-1154842023-03-08T03:56:26Z Vietnam and Threshold Conditions in the Process of Global Financial Integration Nguyen, Thi Ngoc Trang Nguyen, Thi Diem Kieu The global financial crisis, once again, has ignited several intense debates over financial globalization merits, particularly for developing countries. There are probably a number of initial threshold conditions to be attained before substantial benefits may be reaped, and the risks of capital account liberalization, minimized. This article takes into account a series of empirical framework typifying these threshold conditions, estimating essential ones and accordingly proposing a few policy implications. Empirical evidence demonstrates that there exist specific thresholds in such variables with significant effects on the nexus between financial integration and growth, including those as clearly identifiable as financial depth and institutional quality. It is also shown by the findings that Vietnam’s financial development has preliminarily satisfied the necessary conditions for efficient financial integration. In contrast, the institutional quality threshold remains far distant. 2023-03-08T03:56:26Z 2023-03-08T03:56:26Z 2015 Article 2615-9112 http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=34ae728f-c9e9-4742-a0e6-264dc1c4f821 http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115484 10.24311/jabes/2015.22.4.03 en Journal of Asian Business and Economic Studies, Volume 22, Issue 04; p. 02-25 application/pdf University of Economics Ho Chi Minh City |
| institution |
Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| description |
The global financial crisis, once again, has ignited several intense debates over financial globalization merits, particularly for developing countries. There are probably a number of initial threshold conditions to be attained before substantial benefits may be reaped, and the risks of capital account liberalization, minimized. This article takes into account a series of empirical framework typifying these threshold conditions, estimating essential ones and accordingly proposing a few policy implications. Empirical evidence demonstrates that there exist specific thresholds in such variables with significant effects on the nexus between financial integration and growth, including those as clearly identifiable as financial depth and institutional quality. It is also shown by the findings that Vietnam’s financial development has preliminarily satisfied the necessary conditions for efficient financial integration. In contrast, the institutional quality threshold remains far distant. |
| format |
Article |
| author |
Nguyen, Thi Ngoc Trang Nguyen, Thi Diem Kieu |
| spellingShingle |
Nguyen, Thi Ngoc Trang Nguyen, Thi Diem Kieu Vietnam and Threshold Conditions in the Process of Global Financial Integration |
| author_facet |
Nguyen, Thi Ngoc Trang Nguyen, Thi Diem Kieu |
| author_sort |
Nguyen, Thi Ngoc Trang |
| title |
Vietnam and Threshold Conditions in the Process of Global Financial Integration |
| title_short |
Vietnam and Threshold Conditions in the Process of Global Financial Integration |
| title_full |
Vietnam and Threshold Conditions in the Process of Global Financial Integration |
| title_fullStr |
Vietnam and Threshold Conditions in the Process of Global Financial Integration |
| title_full_unstemmed |
Vietnam and Threshold Conditions in the Process of Global Financial Integration |
| title_sort |
vietnam and threshold conditions in the process of global financial integration |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
http://jabes.ueh.edu.vn/Home/SearchArticle?article_Id=34ae728f-c9e9-4742-a0e6-264dc1c4f821 http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115484 |
| _version_ |
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