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Financial integration into EU : the Romanian case

Bozkurt, İbrahim; Akman, Engin - In: Amfiteatru economic : an economic and business research … 18 (2016) 42, pp. 269-285

The aim of this study is to investigate the determinants of integration between stock market of Romania and other stock markets of European Union (EU) countries. Correlations between the stock returns represent the level of integration between the stock markets. Empirical analysis are performed...

Persistent link: https://www.econbiz.de/10011842988

The Evolution of Stock Market Integration in the Post-Liberalization Period - a Look at Latin America

Hunter, Delroy M. - 2004

I use ADRs to examine if the equity markets of Argentina, Chile, and Mexico have become internationally integrated in the post-liberalization period and, if not, whether direct and/or indirect barriers are the cause of segmentation. In addition, I assess the evolution of the level of integration...

Persistent link: https://www.econbiz.de/10014069926

Asian capital market integration : theory and evidence

Park, Cyn-Young - 2013

should take into account the risk of contagion that regional financial integration presents, and introduce measures for …

Persistent link: https://www.econbiz.de/10009781172

Financial integration in emerging Asia : challenges and prospects

Park, Cyn-Young; Lee, Jong-Wha - 2011

potential costs of financial contagion and crisis. …

Persistent link: https://www.econbiz.de/10011283415

Short-Run Pain, Long-Run Gain : The Effects of Financial Liberalization

Kaminsky, Graciela; Schmukler, Sergio L. - 2021

We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...

Persistent link: https://www.econbiz.de/10013318025

The Positive Link between Financial Liberalization, Growth and Crises

Tornell, Aaron; Westermann, Frank; Martinez Trigueros, … - 2021

There is no agreement regarding the growth-enhancing effects of financial liberalization, mainly because it is associated with risky international bank flows, lending booms, and crises. In this paper we make the case for liberalization despite the occurrence of crises. We show that in developing...

Persistent link: https://www.econbiz.de/10013319362

Contagion and Interdependence : Measuring CEE Banking Sector Co-Movements

Jokipii, Terhi - 2018

largest Central and Eastern European Countries (CEECs) can be attributed to contagion or to interdependence. Our tests based … on simple unadjusted correlation analysis uncover evidence of contagion between all pairs of countries. Adjusting for … market volatility during turmoil, however, produces different results. We then find contagion from the Czech Republic to …

Persistent link: https://www.econbiz.de/10012934707

Routes to Equity Market Integration - The Interplay between Politicians, Investors and Managers

Oxelheim, Lars - 2000

Most econometric studies of equity market integration suggest that national markets are increasingly becoming part of a global equity market. As regards the extent of this integration, however, the results are often inconclusive. Further analysis calls for a closer scrutiny of the basic...

Persistent link: https://www.econbiz.de/10010334944

On the Growth Effect of Stock Market Liberalizations

Gupta, Nandini - 2018

We investigate the effect of a stock market liberalization on industry growth in emerging markets. Consistent with the view that liberalization reduces financing constraints, we find that industries that are more externally dependent and face better growth opportunities grew faster following...

Persistent link: https://www.econbiz.de/10012940688

The Sequencing of Stock Market Liberalization Events and Corporate Financing Decisions

Flavin, Thomas - 2010

We examine if the sequence of stock market liberalization events matters for corporate financing choices. We contrast firms who attain ‘investable' status through domestic reforms with those who do so by issuing American Depository Receipt programs. We find that the first liberalization event...

Persistent link: https://www.econbiz.de/10013149116

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