Phengpis, Chanwit; Apilado, Vince P.; Swanson, Peggy E. - In: Review of Quantitative Finance and Accounting 23 (2004) 3, pp. 207-227
This study updates and extends existing literature by investigating the effects of economic convergence among major European Economic and Monetary Union (EMU) member countries on stock market returns in each respective nation. Main findings include: (1) long-term stability in the EMU appears to...