The degree of integration of equity markets in Central Europe (new member EU countries) with the US and UK equity markets
journal contribution
posted on 2023-07-26, 14:09authored bySlawomir Bukowski, Robin Gowers
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.
History
Refereed
Yes
Volume
11
Issue number
1
Page range
5-26
Publication title
Central European Review of Economics & Finance
ISSN
2082-8500
Publisher
Uniwersytet Technologiczno-Humanistyczny im. K.Pułaskiego w Radomiu