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Pregled bibliografske jedinice broj: 791431

Time-varying Integration of the Sovereign Bond Markets In European Post-transition Economies


Posedel Simović, Petra; Tkalec, Marina; Vizek, Maruška; Lee, Junsoo
Time-varying Integration of the Sovereign Bond Markets In European Post-transition Economies // Journal of Empirical Finance, 36 (2016), 30-40 doi:10.1016/j.jempfin.2015.12.005 0927-5398 (međunarodna recenzija, članak, znanstveni)


Naslov
Time-varying Integration of the Sovereign Bond Markets In European Post-transition Economies

Autori
Posedel Simović, Petra ; Tkalec, Marina ; Vizek, Maruška ; Lee, Junsoo

Izvornik
Journal of Empirical Finance (0927-5398) 36 (2016); 30-40

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
European post-transition countries ; sovereign securities markets ; bond market integration.

Sažetak
In this paper we examine the time-varying integration between eight European post-transition government bond markets and the Eurozone bond market. The objective is twofold: first is to measure the level of integration in these economies, and the second is to better understand some of the fundamental drivers of integration. Our results suggest that integration varies widely across the region. One of the major drivers of integration is economic development, as more advanced countries generally had higher levels of integration. Moreover, joining the European Union either exerted a positive boost or was neutral with regards to sovereign bond integration. Finally, integration changes over time ; in particular, integration has decreased with the financial crisis, although the decrease levelled off relatively swiftly soon after.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekt / tema
HRZZ-UIP-2013-11-1356 - Ekonomski, statistički i politički aspekti tržišta državnih obveznica (Maruška Vizek, )

Ustanove
Ekonomski institut, Zagreb,
Zagrebačka škola ekonomije i managementa, Zagreb

Časopis indeksira:


  • Current Contents Connect (CCC)
  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI
  • Scopus
  • EconLit


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