Based on the assumption that the economic integration process contributes, via market reforms, to the dynamics of the space distribution in candidate countries, this study examines (i) whether agglomeration forces or dispersion forces are dominant; (ii) whether EU-integration causes a structural...

In this paper, we explore the interconnection and existing relationships between the Sovereign Credit Default Swaps (henceforth, CDS) and the stock markets of the main European countries. Thus, the goal of this paper is to test if the CDS premia can predict the stock market returns of the most...