SENTENTIA. European Journal of Humanities and Social Sciences - rubric Question at hand
SENTENTIA. European Journal of Humanities and Social Sciences
12+
Journal Menu
> Issues > Rubrics > About journal > Authors > About the Journal > Requirements for publication > Council of Editors > Peer-review process > Article retraction > Ethics > Online First Pre-Publication > Copyright & Licensing Policy > Digital archiving policy > Open Access Policy > Article Processing Charge > Article Identification Policy > Plagiarism check policy > Publication Terms
Journals in science databases
About the Journal
MAIN PAGE > Journal "SENTENTIA. European Journal of Humanities and Social Sciences" > Rubric "Question at hand"
Question at hand
Zhao W. - The measurement and dynamics of financial openness of Chinese economy pp. 1-13

DOI:
10.25136/1339-3057.2022.3.37774

EDN: GHTZCA

Abstract: Currently there are many literatures examining the linkage between financial openness and other economic factors in emerging economies. Nevertheless, the accuracy of measurement of financial openness is the prerequisite of evaluating its effects. Different scholars usually construct different indicators that capture different facets of financial openness, hence yielding systematically different regression results. Therefore, it is necessary to construct a comprehensive indicator and measure the financial openness in an all-around way. The innovation of this paper lies in the concept of financial opening facilitation that is newly put forwarded by the author. This paper constructs a new sub indicator: financial opening facilitation. Different from previous literatures, this paper argues that although some factors are not directly related to financial opening, they can facilitate the operation of financial institutions and support the flow of international capital, so they also play an important role. The author measures the financial openness in terms of financial account openness, financial institutions openness, financial opening facilitation. This brand-new method can be conducive to the further researchers when they examine the relation between financial openness and domestic economy. Furthermore, China's experience of financial opening can give many revelations to other emerging countries.
Other our sites:
Official Website of NOTA BENE / Aurora Group s.r.o.