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Financial openness and market liquidity in emerging markets

Chia-Hao Lee () and Pei-I Chou

Finance Research Letters, 2018, vol. 25, issue C, 124-130

Abstract: The goal of this study is to explore the effect of financial openness in emerging markets on the domestic financial market liquidity and then to clarify the linkage between financial openness and market liquidity. The empirical results show that higher the degree of the financial market openness enhances the domestic financial market liquidity, and the effect of the financial market openness on the emerging markets is more significance than the developed markets. We expect the empirical results of this study can provide a new insight into the development of emerging financial markets.

Keywords: Financial openness; Market liquidity; Globalization; Emerging markets (search for similar items in EconPapers)
JEL-codes: F30 G10 G15 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:finlet:v:25:y:2018:i:c:p:124-130