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Publication Date
2014-06
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© 2014. NZASIA - The New Zealand Asian Studies Society. Reproduced in accordance with the publisher's self-archiving policy.
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Accepted for publication
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Abstract
This study examines extent of financial cooperation in the South Asia region. This region although heterogeneous in terms of size, political ideologies and level of development yet shares similar historical and cultural closeness, poverty and low level of human development. Further, we also examined the likely factors influencing financial integration in the region. Overall, the results show that among the economic and political factors trade, income levels and political stability are the most important factors in influencing South Asian financial cooperation. The results also strongly support the view that countries more open and integrated through trade are more integrated financially.
Version
final draft paper
Citation
Arora RU and Ratnasiri S (2014) Financial integration of South Asia: an exploratory study. New Zealand Journal of Asian Studies. 16(1): 39-60.
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Article