Bericht
Measuring financial integration in new EU member states
The study considers three broad categories of financial integration measures: (i) price-based, which capture discrepancies in asset prices across different national mar kets; (ii) news-based, which analyse the impact that common factors have on the return process of an asset; (iii) quantity-based, which aim at quantifying the effects of frictions on the demand for and supply of securities. This paper finds that financial markets in the new EU Member States (plus Cyprus, Malta and Slovenia) are significantly less integrated than those of the euro area. Nevertheless, there is strong evidence that the process of integration is well under way and has accelerated since accession to the EU.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Occasional Paper ; No. 81
- Klassifikation
-
Wirtschaft
- Thema
-
Finanzmarkt
Integration
EU-Mitgliedschaft
EU-Staaten
EU-Mitgliedschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Baltzer, Markus
Cappiello, Lorenzo
De Santis, Roberto A.
Manganelli, Simone
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Baltzer, Markus
- Cappiello, Lorenzo
- De Santis, Roberto A.
- Manganelli, Simone
- European Central Bank (ECB)
Entstanden
- 2008
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