In this paper, we utilize panel data encompassing 44 emerging market countries from 1996 to 2020 to investigate the impact of openness on financial development and rethink the interrelationship between trade openness and financial openness. Our findings indicate that openness contributes to the...

Based on the economic integration between Mainland China and Taiwan, social and financial interests have played a pushing role in the currency cooperation. From the perspective of economic asymmetric shock, the paper uses structural vector auto regression to analyze the current economic basis...