Abad, Pilar; Chuliá, Helena; Gómez-Puig, Marta - European Central Bank - 2009
integration of European Government bond markets. We adopt the CAPM-based model of Bekaert and Harvey (1995) to compare, from the … markets was important. The markets of the countries that share a monetary policy are less vulnerable to the influence of world … risk factors, and more vulnerable to EMU risk factors. However, euro markets are only partially integrated, since they are …