The interdependence of the Nordic and Baltic stock markets is explored in light of increased merger activity of stock exchanges over the sample period, 1996-2006. The results show surprisingly little interdependence between the Nordic and Baltic stock indices. In the short run, the response of...

We study the informational content of dividends on three Nordic civil law markets, i.e. on markets where the evidence for dividend catering has been weak. Using aggregate data on real earnings per share and payout ratios, long time series from 1969 to 2010, and methodologies which address...

This paper examines the implications for the Nordic Countries (Denmark, Finland, Norway and Sweden) of participating in the finan stage of the European Monetary Union. Economic linkages with Germany are estimated using a time series approach under both the Bretton Woods and the post-Bretton...