This paper examines the integration of stock markets in Germany, France, Netherlands, Ireland and UK over January 1973 … the degree of financial integration. It might be expected a priori that European stock markets have converged during the … process of monetary, economic and financial integration in Europe. This study offers evidence for an increasing degree of …

equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two … even after we control for several possible channels of integration, such as bilateral trade, direct investment positions … the Euro adoption has minimal effects on market integration …

Union as well as the Eurozone on both economic and financial integration. In integrated markets, discount rates and expected … Euro was not associated with increased integration. Our results do not change when the sample is extended to include the …

This paper examines the integration of stock markets in Germany, France, Netherlands, Ireland and UK over the January … sigma-convergence serves to measure the degree of financial integration. We might expect priori that European stock markets … have been more integrated during the process of monetary, economic and financial integration in Europe. We find evidence …

The aim of this study is to investigate the determinants of integration between stock market of Romania and other stock … markets of European Union (EU) countries. Correlations between the stock returns represent the level of integration between … significant and robust effects on the financial integration process of Romania with other 23 EU members; (i) EU membership, (ii …

equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two … even after we control for several possible channels of integration, such as bilateral trade, direct investment positions … the Euro adoption has minimal effects on market integration …