Baumöhl, Eduard; Lyócsa, Štefan - William Davidson Institute, University of Michigan - 2014
We study the stock market integration of emerging CEE-3 stock markets (namely, the Czech, Hungarian, and Polish markets …) and hypothesize that this process has been gradual over time. As a proxy for integration, co-movements with three stock … to the dynamic correlations to examine the integration process. Evidence of strengthening relationships among the markets …