The Relationship between Net Foreign Assets Positions and Financial Development - Cases from Developing Countries in Asia

• Tác giả: Thi Phuong Lan Huynh, Thi Hong Minh Le, Thi Lien Hoa Nguyen
• Ngôn ngữ: vie
• Ký hiệu phân loại: 910.91724 Historical, geographic, persons treatment
• Thông tin xuất bản: Asian Journal of Economics and Banking (AJEB), 2017
• Bộ sưu tập: Metadata
• ID: 492492

Tóm tắt

This research examines the relationship between the net foreign asset position (NFA) and financial development of ten developing countries in Asia over the period 1973-2013. Using the Pooled Mean Group (PMG) method, the research results provide empirical evidence that financial development (measured through private credit/GDP ratio and bank credit to bank deposit ratio) contributes to the reduction in the net foreign asset position in the long run of a country, thus reducing the current global imbalance.