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The evolution of financial integration on selected European stock markets : a dynamic principal component approach

Majewska, Elżbieta; Olbryś, Joanna - In: Comparative economic research : Central and Eastern Europe 20 (2017) 4, pp. 45-63

The goal of this paper is to recognize the dynamics of financial integration across the European stock markets over the last two decades. We investigate two groups of markets: (1) three developed European markets in the U.K., France, and Germany; and (2) three emerging Central and Eastern...

Persistent link: https://www.econbiz.de/10011877162

British interest rate convergence between the US and Europe : a recursive cointegration analysis

Weber, Enzo (contributor) - 2006

Currency Union. -- Nominal Convergence ; Cointegration ; UIP ; Term Structure ; Euro Area …This paper addresses the question of the British state of convergence towards the Euro area, compared to the USA … calculations carried out in a cointegration framework. As the ecidence for the single parities remains unconvincing, UIP and EHT …

Persistent link: https://www.econbiz.de/10003324208

Global natural gas market integration in the face of shocks : evidence from the dynamics of European, Asian, and US gas futures prices

Farag, Markos; Jeddi, Samir; Kopp, Jan Hendrik - 2023

This paper analyzes the integration of the American, European, and Asian natural gas markets over the period 2016-2022, with a focus on how the demand shock caused by the COVID-19 pandemic and the supply shock caused by geopolitical tensions in the European market affected this integration. We...

Persistent link: https://www.econbiz.de/10014327618

Economic and Financial Integration in Europe

Bekaert, Geert - 2017

Union as well as the Eurozone on economic and financial integration. In integrated markets, discount rates and expected … Euro is not associated with increased integration. Our main finding that EU membership increases integration, while Euro …/papers.cfm?abstract_id=1573308' The European Union, the Euro, and Equity Market Integration and 'https://papers.ssrn.com/sol3 …

Persistent link: https://www.econbiz.de/10012958650

Capturing the Financial Cycle in Europe

Stremmel, Hanno - 2015

In this study, we approximate the financial cycle in Europe by combining potential common and relevant financial indicators. We consider different credit aggregates and asset prices but also incorporate banking sector indicators for 11 European countries. We develop seven different synthetic...

Persistent link: https://www.econbiz.de/10013020632

Sovereign contagion in Europe : evidence from the CDS market

Manasse, Paolo; Zavalloni, Luca - 2013

matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more …This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … remarkable: the core Eurozone members become less vulnerable to EUZ contagion, possibly due to a safe-heaven effect, while …

Persistent link: https://www.econbiz.de/10011731038