Pregled bibliografske jedinice broj: 205471
Integration of Croatian and Selected CEE Equity Markets : Cointegration Aproach
Integration of Croatian and Selected CEE Equity Markets : Cointegration Aproach // The Channels of European Integration
Varšava, Poljska, 2005. (predavanje, međunarodna recenzija, neobjavljeni rad, znanstveni)
CROSBI ID: 205471 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Integration of Croatian and Selected CEE Equity Markets : Cointegration Aproach
Autori
Maruška, Čenić ; Tajana Dadić
Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni
Skup
The Channels of European Integration
Mjesto i datum
Varšava, Poljska, 07.10.2005. - 08.10.2005
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
tržišta kapitala; srednja i istočna Europa; kointegracija; financijska integracija
(equity markets; CEE; cointegration; financial integration.)
Sažetak
This paper examines bilateral and multilateral cointegration of equity markets of selected Central and Eastern European countries including Croatia, and German equity market for the period of January 2nd, 1997 to June 10th , 2005. Application of the Johansen – Juselius cointegration procedure indicates existence of multilateral integration between equity markets of analyzed CEE economies, as well as between the group of CEE equity markets and German equity market. This study offers compelling evidence that the forces driving financial integration are quite powerful, and that we are likely to see more substantial movement in the same direction with time and once these countries join EMU, because evidence from this study suggests that bilateral integration between particular CEE equity markets and German equity market is still missing.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
