Guesmi, Khaled; Nguyen, Duc Khuong - In: Applied Economics 46 (2014) 11, pp. 1279-1290
We investigate the dynamics of regional financial integration and its determinants in the context of an ICAPM accounting for the deviations from PPP as well as temporal variations in both regional and local sources of risk. Using data from four major countries of the Southeast Europe, our...