We examine the causes of conditional volatility in a small, internationally integrated stock market using the Irish stock market as an example. We relate Irish stock market conditional volatility to the conditional volatility of the British stock market and business cycle variables from July...

Ten states, primarily from Central and Eastern Europe, acceded to the EU in May 2004. Another 2, and possibly 3 CEE states are likely to join in 2007. We assesses the competitiveness implications of this phase of EU expansion for Ireland. Four specific topics are considered: the opportunities...