The degree of integration of equity markets in Central Europe (new member EU countries) with the US and UK equity markets

Bukowski, Slawomir and Gowers, Robin (2016) The degree of integration of equity markets in Central Europe (new member EU countries) with the US and UK equity markets. Central European Review of Economics & Finance, 11 (1). pp. 5-26. ISSN 2082-8500

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Abstract

The aims of paper are to analyze how closely Central European stock markets are integrated with the stock markets in the US,UK and the euro area and to investigate the correlation of changes in the US S&P500, UK FTSE100, DJ EUROSTOXX 50 yields on the yields of the Polish and other main Central European stock exchange markets. The authors has formulated following hypothesis: Czech, Hungarian and Polish equity markets are more integrated with the US and UK equity markets then with the euro area market. What are the implications of such close integration. What are the implications of such close integration. The econometric methods are applied in analysis. The analysis has confirmed hypothesis.

Item Type: Journal Article
Keywords: international financial market integration, financial markets, measures of financial markets integration, equity market, news-based measures
Faculty: Lord Ashcroft International Business School
Depositing User: Laszlo Vekony
Date Deposited: 11 Sep 2017 15:33
Last Modified: 11 Sep 2017 15:33
URI: http://arro.anglia.ac.uk/id/eprint/702180

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