The Empirical Analysis on Financial Integration of China and Thailand

摘要：

Based on the theoretical model of regional financial integration judged by domestic and foreign scholars, we choose Japan and South Korea as a reference country in this paper, and comprehensively use correlation analysis, stationarity tests, cointegration tests, employing uncovered interest rate parity (UIP), real interest rate parity (RIP), Euler equation test and Feldstein-Horioka Test for empirical analysis on the degree of financial integration of China and Thailand, Japan and Thailand, South Korea and Thailand. To sum up, we find out the advantages and obstacles of financial integration of China and Thailand by comparison and put forward some countermeasures and suggestions.

关键词： financial integration UIP RIP euler equation test feldstein-horioka test

作者: DING Wenli LU Peng RUAN Jiachen

作者单位: School of Economics and Management, Yunnan Normal University, P.R.China, 650092

会议类型: 国际会议

会议名称: The 3rd International Institute of Statistics & Management Engineering Symposium(2010 国际统计与管理工程研讨会 IISMES)

会议地点: 威海

会议语种:英文

页码: 905-918

在线出版日期: 2010-07-24（万方平台首次上网日期，不代表论文的发表时间）