Economic Integration and Financial Stability : A European Perspective

Intro -- Economic Integration and Financial Stability: A European Perspective -- Contents -- I. INTRODUCTION -- II. SYNCHRONIZATION OF REAL ACTIVITY -- III. EQUITY MARKETS INTEGRATION -- IV. SYSTEMIC RISK AND INTEGRATION -- V. CONCLUSION -- Table 1. EGARCH Estimates for the Common Components of IPG -- Table 2. EGARCH Estimates for Cross-Country Variances of IPG and De-Trended IPG -- Table 3. Country-by-Country EGARCH Estimates for IPG -- Table 4. Dependent Variables: Cross-Country Variance of IEDFs and Country IEDFs -- Table 5. Dependent Variables: Cross-Country Variance of Portfolios' DDs -- Table 6. Dependent Variable: Banks DDs Changes -- Table 7. Dependent Variable: Insurance DDs Changes -- Appendix Table 1. Banks and Insurance Companies -- REFERENCES.