Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …

Currency Union. -- Nominal Convergence ; Cointegration ; UIP ; Term Structure ; Euro Area …This paper addresses the question of the British state of convergence towards the Euro area, compared to the USA … calculations carried out in a cointegration framework. As the ecidence for the single parities remains unconvincing, UIP and EHT …

This paper investigates whether comovements between euro area equity returns at national and industry level have … changed after the introduction of the euro. By adopting a regression quantile-based methodology, we find that after 1999 the … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of …

subgroups including Euro area countries, the UK and the US respectively, provides evidence of a global convergence …

subgroups including Euro area countries, the UK and the US respectively, provides evidence of a global convergence …

investigate the long-run interdependencies, the Johansen-Juselius multivariate co-integration test and the bivariate Engle … there are evidences of cointegration among them. However, the potential benefits of international portfolio diversification …