Pesaran, Bahram; Pesaran, M. Hashem - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
correlations in most markets; possibly reflecting the advent of euro in 1999
and increased interdependence of financial markets … equities seem to have been declining. Some of these
patterns might be re�ecting the advent of euro and the increased interdepen … currency futures: Japanese yen, euro, British pound, Swiss
franc, Canadian and Australian dollars, denoted by JY …