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Financial integration, globalization, and real activity

De Nicolò, Gianni; Juvenal, Luciana - 2012

Using data for a large number of advanced and emerging market economies during 1982-2009, this paper examines the distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial integration has progressed significantly worldwide,...

Persistent link: https://www.econbiz.de/10009490605

Stock market linkages between the ASEAN countries, China and the US : a fractional cointegration approach

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; You, Kefei - 2019

This paper examines stock market integration between the ASEAN five and the US and China, respectively, over the period … analysis is carried out for the weekly series to study the impact of the 2007-8 global financial crisis and the 2015 China … exhibit long memory. There is cointegration between the ASEAN five and the US but almost none between the former and China …

Persistent link: https://www.econbiz.de/10011982404

European market integration for gas? : volume flexibility and political risk

Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2000

Gas exports to the Continent are regulated by long term take-or-pay contracts. The contracts are described and analyzed. We thereafter examine whether the most central European gas market, the German market, is integrated. Are there substantial price differences between gas from different export...

Persistent link: https://www.econbiz.de/10009781639

What does trade openness measure?

Fujii, Eiji - 2017 - This version: September 7, 2017

An empirical measure of trade openness is defined as the ratio of total trade to GDP, and represents a convenient variable routinely used for cross-country studies on a variety of issues. However, the effects that the crude measure captures remain ambiguous, making it difficult to interpret the...

Persistent link: https://www.econbiz.de/10011721716

Short and long-run behaviour of long-term sovereign bond yields

Afonso, António - 2010

This study assesses the short and long-run behaviour of long-term sovereign bond yields in OECD countries, for the period 1973-2008. We employ a dynamic panel approach to reflect financial and economic integration, and to increase the performance and accuracy of the tests. Given the existence of...

Persistent link: https://www.econbiz.de/10008732265

Liberalization and stock market co-movement between emerging economies

Beine, Michel (contributor); Candelon, Bertrand (contributor) - 2007

Persistent link: https://www.econbiz.de/10003620171

Labour market rigidities, financial integration and international risk sharing in the OECD

Fidrmuc, Jarko (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003498778

Interest rate linkages in EMU countries : a rolling threshold vector error-correction approach

Poghosyan, Tigran (contributor); Haan, Jakob de (contributor) - 2007

Persistent link: https://www.econbiz.de/10003499692

International capital market integration, educational choice and economic growth

Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005

thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …

Persistent link: https://www.econbiz.de/10003299332

Stock market integration between three CEECs, Russia and the UK

Caporale, Guglielmo Maria; Spagnolo, Nicola - 2010

This paper estimates a tri-variate VAR-GARCH(1,1)-in-mean model to examine linkages between the stock markets of three Central and Eastern European countries (CEECs), specifically the Czech Republic, Hungary, and Poland, and both the UK and Russia. The adopted framework allows to analyse...

Persistent link: https://www.econbiz.de/10003942221

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