A Survey of Literature on Measurement of Financial Integration: Need, Challenges, and Classification

Autor:	Rakesh Padhan, K.P. Prabheesh
Rok vydání:	2021
Předmět:	Measure (data warehouse) Globalization Risk analysis (engineering) Financial integration Business Key issues General Economics Econometrics and Finance Finance
Zdroj:	Emerging Markets Finance and Trade. 58:790-811
ISSN:	1558-0938 1540-496X
DOI:	10.1080/1540496x.2021.1911802
Popis:	Through a survey of literature in the measurement of financial integration (FI), this study explores the historical footprints on the measurement of financial integration, key issues, and challenges. We document the evolution of measurements during 1980–2018 and extend the measurement classification with specific criteria associated with the measurements. Furthermore, this study identifies the strength and weaknesses of existing measurements and highlights the need and criteria for choosing an appropriate measure. Finally, our study concludes that as one of the pillars of globalization, appropriate quantification of FI is a major challenge and crucial for monitoring the level and effect of FI for an economy.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ac3c63351abe552ae3f2cbbb81859423 https://doi.org/10.1080/1540496x.2021.1911802 Zobrazit plný text záznamu