JMGT_V2_N1_A4 Richa Thakur Journal on Management 2230 – 715X 2 1 14 18 Financial openness, trade assets, financial integration, capital control, trends in import, trends in export, trade deficit Financial openness exists when residents of one country are able to trade assets with residents of another country, i.e. when financial assets are traded goods. A weak definition of complete financial openness, which one might refer to as financial integration, can be given as a situation in which the law of one price holds for financial assets i.e., domestic and foreign residents trade identical assets at the same price. June - August 2007 Copyright © 2007 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=362