The Impacts of Financial Liberalization on Growth: The Case of 4-ASEAN Economies

Authors

  • Wisit Chaisrisawatsuk School of Development Economics, National Institute of Development Administration
  • SantiSanti Chaisrisawatsuk School of Development Economics, National Institute of Development Administration

Abstract

The aim of this paper is to analyze the positive/negative effects of financial
liberalization, through exchange rate variation, on growth. This paper focuses on
four ASEAN countries, and investigates the relationship of exchange rate variation
with financial depth, saving rate and capital to GDP ratio which have a positive effect
on growth. The results show that the country with better financial system has more
positive or less negative effect.

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Published

2006-11-01

Issue

Vol. 1 No. 1 (2007): NIDA Economic Review Journal

Section

Articles

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