Savva, Christos S.; Osborn, Denise R.; Gill, Len - In: Applied financial economics 19 (2009) 19/21, pp. 1595-1604
This article investigates the impact of the introduction of the euro on the interactions across the New York, London … introduction of the euro significantly affects the cross-market correlations. Although dynamic correlations of shocks between all … market pairs increase, the correlation in the post-euro period is highest between Frankfurt and Paris, indicating increased …