. We thereafter examine whether the most central European gas market, the German market, is integrated. Are there … prices for gas to Germany move proportionally over time, indicating an integrated gas market (the Law of One Price holds). We …

We study cross-country price differences in the European market for new passenger cars based on detailed pricing and … technical data. Car prices in Europe converged until the year 2003, but not thereafter. Within the EU 15 countries the price … dispersion increases with the market segment and varies significantly across models. Marketing appears to position identical …

After opening up of the Interconnector, the liberalized UK natural gas market and the regulated Continental gas markets … Continental market and to the fact that the significant call options embedded in the complex take-or-pay contracts make these … contracts the marginal source of supply. However, in an interim period after deregulation of the UK gas market (1995) and the …

market structure for cross-country relative price variability. It is found that, in accordance with predictions from a … standard markup pricing model, reductions in market competition, along with increased nominal exchange rate volatility, are … associated with greater variability of cross-country relative prices. The market structure also has similar effects on components …

/divergence process not obviously influenced by EU policies. -- stock market ; financial integration ; European Monetary Union convergence …

models proposed in the literature can be used to formally characterize and quantify market risk. In particular, we ask how … adequate these models are for modelling market risk at times of financial crisis. In doing so we consider a multivariate t … ; weekly returns ; multivariate t ; financial interdependence ; VaR diagnostics ; 2008 stock market crash …

spillover index, and show that volatility spillovers tend to increase in periods characterized by market uncertainty. -- foreign …