CEECs' financial integration: global or regional? Evidence from sovereign bond markets

被引：4

作者：

Deltuvaite, Vilma ^{[1
]}

机构：

[1] Kaunas Univ Technol, Sch Business & Econ, Dept Finance, Laisves Av 55, LT-44309 Kaunas, Lithuania

来源：

INTERNATIONAL CONFERENCE ON APPLIED ECONOMICS (ICOAE) 2015 | 2015年 / 24卷

关键词：

EU countries; economic development; financial development; relationship; COINTEGRATION; MODELS; UNION; STOCK; EURO;

D O I：

10.1016/S2212-5671(15)00645-0

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the degree of global versus regional financial integration in the Central and Eastern European countries (CEECs') sovereign bond markets during the period 2000-2015. We examine global and regional integration in the sovereign bond markets in CEECs' by employing the Johansen cointegration test. Summarizing the results of this empirical study it can be stated that the level of global and regional integration of the CEECs' sovereign bond markets is very low while the most interrelated are CEECs' sovereign bond markets and the strongest interrelation of sovereign bond markets is observed among countries those are economic related and within CEECs' group. (C) 2015 The Authors. Published by Elsevier B.V.

引用

页码：192 / 197

页数：6

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