This paper aims to empirically investigate the effect of the euro on stock markets for Hungary, Poland and the UK, and also the co-movement of the stock prices with the euro-zone using the daily stock price indices. The result reveals that in order to develop the emerging stock markets, exchange...

The flow of foreign direct investment (FDI) into developing economies has become more important at least since the 1980s, but these inflows are volatile and often dominated by a few very large, sometimes reversible transactions. A more appropriate measure of the importance of FDI in a developing...