Financial integration of South Asia: an exploratory study.

YesThis study examines extent of financial cooperation in the South Asia region. This region although heterogeneous in terms of size, political ideologies and level of development yet shares similar historical and cultural closeness, poverty and low level of human development. Further, we also examined the likely factors influencing financial integration in the region. Overall, the results show that among the economic and political factors trade, income levels and political stability are the most important factors in influencing South Asian financial cooperation. The results also strongly support the view that countries more open and integrated through trade are more integrated financially