Dimitriou, Dimitrios; Kenourgios, Dimitris - Volkswirtschaftliche Fakultät, … - 2012
This paper examines long and short-run relationships among three emerging Balkan stock markets (Romania, Bulgaria and Croatia), two developed European stock markets (Germany and Greece) and United States (U.S.), during the period 2000 - 2005. We apply Johansen's (1988) cointegration methodology...