Search Results - subject_exact:"Common market"

Economic growth, international financial integration, and geopolitical uncertainty : a PVAR approach across developed and developing countries

Tarchoun, Monaem - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617059

Who pays when generation fails? : cross-border effects of Swedish nuclear outages

Lundin, Erik - 2026

I estimate the cross-border effects of Swedish nuclear outages using hourly data on day-ahead prices, generation, and consumption across 15 bidding zones in Northern Europe from 2021 to 2024. I exploit unplanned outages as exogenous variation in nuclear supply and find that a 1 GW reduction in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618073

One great pool or many? : measuring global oil market integration using a dynamic time warping-hierarchical cluster approach

Gronwald, Marc; Zhu, Luyao - 2026

This paper measures global crude oil market integration using dynamic time warping combined with hierarchical cluster analysis. Using ten global crude oil prices (2000-2026), we find that markets cluster primarily by geography: West African, Middle Eastern, and U.S. markets each form distinct...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654585

Non-price criteria in renewable energy auctions and consequences for the European solar PV industry

Deletombe, Thibault - 2026

The Net Zero Industry Act (NZIA) promotes non-price criteria in renewable auctions. It aims to unlock green willingness-to-pay and scale up manufacturing capacity for net-zero technologies in the European Union (EU). This paper builds a partial equilibrium model of the European solar module...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015588351

Carbon commodity linkages in emerging and mature markets : comparative evidence from Indonesia and the EU ETS

Firdaus, Naufal Arif Nur; Husnaqilati, Atina - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620216

Market integration across green, energy and carbon markets in emerging economies

Yadav, Mahender; Danso, Albert; Adu-Ameyaw, Emmanuel; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620682

One market, one supervision : rethinking the supervisory landscape for a truly integrated capital market in Europe

Carmassi, Jacopo; Dumora Lemair, Olivier; Evrard, Johanne; … - 2026

This paper provides an evidence-based assessment of the EU supervisory landscape by combining a comprehensive mapping of supervisory models and authorities with an analysis of capital market players across key sectors, including market infrastructures, asset management, and crypto-asset service...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628826

Financial and production integration in the macroeconomy

Brancati, Emanuele; Cao, Qingqing; Minetti, Raoul; Yi, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637922

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Financial and production integration in the macroeconomy

Brancati, Emanuele; Cao, Qingqing; Minetti, Raoul; Yi, … - 2026

Book / Working Paper

Home bias and performance and risk in Islamic mutual funds

Isariya Suttakulpiboon - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644925

Financial performance, risk, and market integration of sustainability-oriented equity indices : implications for the sustainability transition (2010-2025)

Kaspard, Jeanne; Kamel, Cesar; Khalil, Fleur; Beainy, … - 2026

The present study provides a high-frequency empirical assessment of the financial performance, volatility, and market integration of thematic sustainability-oriented equity funds, focusing on clean energy and environmental innovation indices. Specifically, the study compares the financial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656147

Energy security and industrial competitiveness : the case for a European Energy Union

Grynberg, Charlotte; Vinci, Francesca; Sanctis, … - 2026

The European energy market remains heavily reliant on imported fossil fuels and fragmented across Member States. This leaves the EU exposed to high and volatile energy prices, posing risks to its growth outlook and its international competitiveness. As the EU advances its energy security and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647216

The integration-contagion paradox : global linkages and crisis transmission in South Asian stock markets

Gajurel, Dinesh; Thapa, Bharat Singh - 2026

This study examines financial integration and contagion across South Asia's emerging and frontier markets during the 2001-2013 period, encompassing both the global financial and Eurozone crises. Employing a multi-factor asset pricing model within an EGARCH framework, we disentangle systematic...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652114

Oil market uncertainty and financial stability in energy-dependent Europe

Özbek, Gökhan Berk; Şeyranlıoğlu, Onur - 2026

This study examines how oil market uncertainty influences stock market integration among four major energy-dependent European economies (France, Germany, Italy, and Spain). Oil uncertainty is proxied by the CBOE Crude Oil Volatility Index (OVX), a forward-looking implied volatility measure....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653682

Equity risk premium in Lithuania's frontier market : integrating country risk and market drivers

Bonelli, Marco I. - 2026

This study quantifies Lithuania's Equity Risk Premium (ERP) by integrating Damodaran's country-risk premium (CRP) framework with a multiple regression on key market drivers. By using quarterly data from Q1 2015 to Q4 2024, the CRP model yields an implied cost of equity of 9.84%, corresponding to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015636778

Neoclassical growth in an interdependent world

Kleinman, Benny; Liu, Ernest; Redding, Stephen; Yogo, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015666280

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Neoclassical Growth in an Interdependent World

Kleinman, Benny; Liu, Ernest; Redding, Stephen; Yogo, … - 2023

Book / Working Paper

Freight margins as European internal duties

Costa, Paolo; Roson, Roberto; Sartori, Martina - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670582

Photovoltaic manufacturing in the EU requires a unified industrial strategy

Deletombe, Thibault; Neuhoff, Karsten - 2026

Solar photovoltaic (PV) electricity is critical for providing Europe with a steady supply of decarbonized energy at competitive prices. To ensure the supply of solar PV modules, the European Union (EU) aims to meet 40 percent of its demand with domestic products by 2030. To achieve this goal, EU...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015666439

How far are we from the single market in Europe? : an analysis of price level convergence

Hukkinen, Juhana; Virén, Matti E. E. - 2026

This paper examines price level differences and their evolvement over time across the European Union to find out how far we are from the Single Market that is cornerstone of European integration. The central question is how large these differences are and how they have evolved during the EMU...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015666634

Barriers to a European Banking Union

Capelle, Damien; Fernandes, Adriano; Krüger, Jan Jakob; … - 2026

We quantify barriers to cross-border bank lending to firms within the euro area and their consequences for credit allocation and output. Using loan-level data from the European credit registry (AnaCredit) and group structures (RIAD), we estimate barriers to relationship formation, loan pricing,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671845

Data-driven supervision in a decentralised supervisory environment

Gentilini, Andrea - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015675117

Heterogeneous dependence on global financial conditions : evidence from emerging equity markets

Braïek, Sana; Gheorghe, Cătălin; Panazan, Oana; … - 2026

This study investigates the transmission of global risk sentiment and U.S. monetary conditions across emerging equity markets. Using Multiple Wavelet Coherence (MWC) and Quantile-on-Quantile Regression (QQR) over January 2016-December 2025, the analysis examines time-frequency co-movements and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016059369

The relationship between geopolitical risk and asset market co-movement : evidence from South Africa

Sephetho, Mpho; Moodley, Fabian - 2026

Periods of geopolitical uncertainty have increasingly shaped the performance of global financial markets, yet the extent to which these risks influence the co-movement of asset markets in South Africa remains unclear. Although co-movement has emerged as a crucial factor for investors seeking...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061171

European (eu) capital markets law at (close to) 50 : historical evolution and missing elements

Gortsos, Christos V. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016070748

Factor pricing across asset classes

Dang, Thuy Duong; Hollstein, Fabian; Prokopczuk, Marcel - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016070893

EU stock market integration : policy impact and drivers

Park, Jin Suk; Newaz, Mohammad Khaleq - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016082201

The ESMA and its Potential Transformation into a "genuine" EU capital markets supervisor under the Savings and Investments Union (SIU) project: Towards a Capital Markets Single Supervisory Mechanism (CM-SSM)

Gortsos, Christos V. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016081783

The Changing Landscape of Financial Integration in Asia-Pacific

Alonso, Cristian - 2026

Asia-Pacific has undergone a profound transformation over the past few decades, increasing its share in global trade and GDP. This paper assesses to what extent Asia-Pacific’s role in global finance has expanded commensurately and whether it has become more integrated by systematically...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016087504

Financial system integration of microstates : the case of San Marino and the EU association agreement

Forcellini, Marcello; Vento, Gianfranco Antonio; … - 2026

This article examines the prospective Association Agreement between the Republic of San Marino and the European Union, focusing on the economic sustainability of regulatory convergence in a microstate context. While alignment with the EU acquis has strengthened supervisory credibility and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069951

Dynamic convergence in equity markets : evidence from an open-developing economy

An Thi Thuy Duong - 2026

This paper examines the speed and stability of stock market convergence in an open developing economy, using Vietnam as the case. The study applies a β-convergence framework to weekly FTSE equity-indices from 2013 to 2025, estimating both full-sample and time-varying models, including...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667711

Borderless energy : how an integrated US-Canada natural gas market keeps energy affordable, reliable, and competitive across North America

Shariati, Alisaleh - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016085737

Digital economy-driven export sophistication : mechanisms of market integration and human capital restructuring

Liu, Jie; Guan, Yexuan; Guan, Mengjie; Yu, Jingya - 2025

Promoting the transformation of the foreign trade system and export upgrading has become necessary to promote high-quality economic development and build a new pattern of opening up to the outside world. This study constructs a theoretical framework of export upgrading driven by digital economy...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618594

Integration of food markets in Mexico

Núñez, Héctor M. - 2025

This research examines spatial integration in Mexican regional-food markets, with an emphasis on the degree of processing. The analysis employs a pairwise approach to evaluate the convergence of price differentials for each item across city pairs. Additionally, it examines the influence of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015202424

Capital markets union: a deep dive : five measures to foster a single market for capital

Arampatzi, Alexia-Styliani; Christie, Rebecca; Evrard, … - 2025 - Revised May 2025

The European Union needs a single market for capital. Well-developed and integrated capital markets are necessary to support economic growth and resilience across the region, while offering benefits for businesses, households and financial stability. This paper examines the importance of the CMU...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330329

The relationship between social capital and the market integration of farms : examples from Central and Eastern Europe

Stępień, Sebastian; Smędzik-Ambroży, Katarzyna; … - 2025

The economic situation of farms is determined by a number of factors, which have been widely described in the literature. One factor is market integration, which shapes the farmer's position in the food supply chain. The involvement of farmers in the integration may be related to their social...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015340157

International financial integration, economic growth and threshold effects : some panel evidence for Europe

Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015573865

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International financial integration, economic growth and threshold effects : some panel evidence for Europe

Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2025

Book / Working Paper

Labor Market Integration and Migration : Republic of Kosovo

Ayerst, Stephen - 2025

This paper highlights recent trends in the Kosovo labor market and emigration. Like other Western Balkan countries, Kosovo experienced a sharp decline in population over the previous decade, as emigration increased. Using a structural model of the labor market and migration, the paper examines...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015328117

Domestic Market Integration and Regional Growth : The Case of Mexico

Fonseca, Felipe - 2025

Per capita growth of the Mexican economy has lagged behind G20 peers in past decades with notable disparities between the north and south. In this paper, we build on the income convergence literature by examining the impact of domestic market integration on regional growth. To this end, we...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015328191

Local reallocation : lessons from bankruptcies during Britain's market integration

Korn, Tobias; Lacroix, Jean - 2025

This paper documents a new consequence of market integration: local reallocation, i.e., the exit of some workers from production even though employment increases in the same area and industry. Thanks to new data on over 150,000 personal bankruptcies combined with detailed microcensus data from...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015420894

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Local reallocation : lessons from bankruptcies during Britain's market integration

Korn, Tobias; Lacroix, Jean - 2025

Book / Working Paper

Global integration and the effects of protectionist measures

2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015422557

Equity market linkages across Latin American countries

Guidi, Francesco; Madonia, Giuseppina; Sarwar, Sohan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015425047

The economic impact of financial integration : a case of Chengdu-Chongqing economic circle

Dingyi Qin; Athakrit Thepmongkol - 2025

To explore the relationship between financial integration and economic growth in the 16 cities within China's Chengdu-Chongqing Economic Circle (CCEC) from 2010 to 2019, this paper utilizes the Principal Component Analysis (PCA) to identify the degree of financial agglomeration, the Wilson Model...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015464178

Spillover effect of food producer price volatility in Indonesia

Theresia, Anita; Ikhsan, Mohamad; Kacaribu, Febrio Nathan; … - 2025

Food price volatility is a persistent challenge in Indonesia, where agriculture is central to food security and rural livelihoods. While price transmission has been studied, little is known about how volatility spreads sub-nationally in archipelagic economies with fragmented infrastructure. This...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015466444

Technological innovations and sustainable strategies for advancing electric vehicle performance and market integration

Satpathy, Priya Ranjan; Ramachandaramurthy, Vigna Kumaran; … - 2025

Electric vehicles (EVs) are transforming the transportation landscape through rapid technological advancements and a growing focus on sustainability. This review offers a structured, multi-dimensional synthesis of the EV ecosystem, examining its historical evolution, core technologies, market...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467314

European market integration and price convergence : a panel quantile regression analysis of NordLink

Bjørndal, Endre; Bjørndal, Mette; Hovdahl, Isabel; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015473089

Fragmentation in European equity markets since 2019

Danieli, Lorenzo; Fruzza, Raoul; Le Moign, Caroline - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015455059

Price determination of reef fish in the Gulf

Moor, Jordan; Ropicki, Andrew; Agar, Juan; Lai, John; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015455641

Culture, tastes, and market integration : testing the localized tastes hypothesis

Mori, Tomoya; Wrona, Jens - 2025

To test the localized tastes hypothesis, we use historical dialect similarity as an instrument to predict the persistent component of regional taste differences. Analyzing wholesale markets for fruits and vegetables in Japan, we find that predicted taste differences have a strong, statistically...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015405877

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Culture, tastes, and market integration : testing the localized tastes hypothesis

Mori, Tomoya; Wrona, Jens - 2025

Book / Working Paper

Culture, tastes, and market integration : testing the localized tastes hypothesis

Mori, Tomoya; Wrona, Jens - 2025

Book / Working Paper

Does trading mechanism shape cross-market integration? : evidence from stocks and corporate bonds on the Tel Aviv Stock Exchange

Hadad, Elroi - 2025

Purpose This study investigates the influence of trading mechanisms on cross-market integration between stocks and corporate bonds on the Tel Aviv Stock Exchange (TASE) during the COVID-19 crisis. Unlike the worldwide practice of trading corporate bonds on an over-the-counter (OTC) market, TASE...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410411

Global perspectives on open banking : regulatory impacts and market response

Akyildirim, Erdinc; Corbet, Shaen; Mukherjee, Abhishek; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015412378

Modeling European electricity market integration during turbulent times

Ravazzolo, Francesco; Rossini, Luca; Viselli, Andrea - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015433462

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Modeling European electricity market integration during turbulent times

Ravazzolo, Francesco; Rossini, Luca; Viselli, Andrea - 2025

Book / Working Paper