贸易和金融开放对金融发展的影响：来自新兴市场的证据

IF 4.6 2区经济学 Q1 BUSINESS, FINANCE

Emerging Markets Review Pub Date : 2025-02-05 DOI:10.1016/j.ememar.2025.101261

Liang Yinghao, Yan Jiajia

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引用次数: 0

摘要

本文利用1996 - 2020年44个新兴市场国家的面板数据，考察了开放对金融发展的影响，并重新思考了贸易开放与金融开放之间的相互关系。我们的研究结果表明，开放有助于促进金融发展。此外，本文通过考虑三种不同类型的决策者：谨慎型、激进型和自由裁量型，扩展和完善了开放关系的分类。通过这种分类，我们揭示了贸易和金融开放政策边际效应的模糊性。

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The impact of the openness of trade and finance on financial development: Evidence from emerging markets

In this paper, we utilize panel data encompassing 44 emerging market countries from 1996 to 2020 to investigate the impact of openness on financial development and rethink the interrelationship between trade openness and financial openness. Our findings indicate that openness contributes to the promotion of financial development. Furthermore, this paper extends and refines the classification of open relationships by considering three distinct types of policymakers: prudent, radical, and discretionary. Through this categorization, we shed light on the ambiguity of the marginal effects of trade and financial opening policies.

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来源期刊

Emerging Markets Review Multiple-

CiteScore

7.10

自引率

4.20%

发文量

审稿时长

100 days

期刊介绍： The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.