European Financial Integration and Equity Returns: A Theory-Based Assessment

This paper reassesses, at the light of economic and financial theory, the well-documented recent evolution of the euro area public debt and equity markets.

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Year of publication:	2002-10-09
Authors:	Adjaouté, Kpate ; Danthine, Jean-Pierre
Published in:	ECB Events
Publisher:	International Center for Financial Asset Management and Engineering (FAME)
Subject:	Kapitalmarkt \| Portfolio Selection \| Europäische Union Wirtschafts- und Währungsunion \| Faktoranalyse

Table of Contents
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1. Introduction
2. A stylized interpretation of the institutional changes
3. A single risk free rate? Understanding goverment bond markets
4. Eqitiy teturns and risk premia
5. Conclusions: winners, losers, and the challeges ahead

Persistent link: https://www.econbiz.de/10005843481