Measuring of International Financial Integration with a Multicriteria Decision Aid Approach |
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Authors: | Tarchoun Monaem Ghraieb Ikram |
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Institution: | 1. Department of Economy, Shaqra University, Shaqra, Saudi Arabiamonaem_tarchoun@yahoo.fr;3. Department of Economy, Sousse University, Sousse, Tunisia |
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Abstract: | ABSTRACTDespite the diversity of advanced approaches, the concept of ‘financial integration’ couldn’t be explicitly analyzed. Indeed, empirical studies have shown that the measures of international financial integration are one-dimensional analysis. Due to the ambiguity of the concept and its multiple determinants, it must be analyzed in multidimensional levels. The interest of this research is a proposal of a decision aid by a multicriteria approach (ELECTRE TRI) for determining the ranking of 47 countries according to the links between their degree of international and financial dependencies and the behavior of financial actors (trying to make governance decisions or diversification strategies of international portfolio).Abbreviations: MCDA – Multi-Criteria Decision Approach |
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Keywords: | Financial integration ELECTRE TRI behavior of actors multidimensional |
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