Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality...

With rapid globalisation, examining the economic impact of exchange rate flexibility as well as its volatility becomes imperative. In this context, our paper examines whether a country's degree of openness matters in choosing how flexible an exchange rate system should be if the objective is to...