impact of the euro on the degree of market integration by looking at the comovement of the European equity markets and a … sample of OECD equity markets. Weekly stock market indices for the period covering seven years before the euro and seven …The euro was launched, on 1 January 1999, as a common currency for members of the European Union that complied with the …

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the …. Spillover effects of aggregate market innovations have generally outweighed intra-sectoral spillover effects. Overall, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …