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

Padhan, R. and Prabheesh, K. P. (2021) A Survey of Literature on Measurement of Financial Integration: Need, Challenges, and Classification. Emerging Markets Finance and Trade. pp. 1-22. ISSN 1540-496X

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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.

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IITH Creators:
IITH CreatorsORCiD
Item Type: Article
Uncontrolled Keywords: De facto indicator; De jure indicator; F2; F21; F3; F36; F41; Financial integration; hybrid indicators
Subjects: Social sciences
Divisions: Department of Liberal Arts
Depositing User: . LibTrainee 2021
Date Deposited: 13 Jul 2021 07:05
Last Modified: 18 Feb 2022 07:32
URI: http://raiith.iith.ac.in/id/eprint/8270
Publisher URL: http://doi.org/10.1080/1540496X.2021.1911802
OA policy: https://v2.sherpa.ac.uk/id/publication/8183
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