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
收藏
页码：192 / 197
页数：6
相关论文
共 50 条
  • [31] Regional and global integration of Asian stock markets
    Mohti, Wahbeeah
    Dionisio, Andreia
    Vieira, Isabel
    Ferreira, Paulo
    [J]. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2019, 50 : 357 - 368
  • [32] International stock markets Integration and dynamics of volatility spillover between the USA and South Asian markets: evidence from Global financial crisis
    Habiba, Umm E.
    Peilong, Shen
    Zhang, Wenlong
    Hamid, Kashif
    [J]. JOURNAL OF ASIA BUSINESS STUDIES, 2020, 14 (05) : 779 - 794
  • [33] Term spreads and the COVID-19 pandemic: Evidence from international sovereign bond markets
    Zaremba, Adam
    Kizys, Renatas
    Aharon, David Y.
    Umar, Zaghum
    [J]. FINANCE RESEARCH LETTERS, 2022, 44
  • [34] Euro Area: Towards a European Common Bond? - Empirical Evidence from the Sovereign Debt Markets
    Stoupos, Nikolaos
    Kiohos, Apostolos
    [J]. JCMS-JOURNAL OF COMMON MARKET STUDIES, 2022, 60 (04) : 1019 - 1046
  • [35] THE IMPACT OF SOVEREIGN WEALTH FUND OWNERSHIP ON THE FINANCIAL PERFORMANCE OF FIRMS: THE EVIDENCE FROM EMERGING MARKETS
    Urban, Dariusz
    [J]. E & M EKONOMIE A MANAGEMENT, 2017, 20 (03): : 176 - 188
  • [36] EAST ASIA - REGIONAL OR GLOBAL FINANCIAL INTEGRATION ?
    Nozdrev, S. V.
    [J]. MGIMO REVIEW OF INTERNATIONAL RELATIONS, 2018, (05): : 49 - 70
  • [37] Do international institutions affect financial markets?: evidence from the Greek Sovereign Debt Crisis
    Gogstad, Marianne
    Kutan, Ali M.
    Muradoglu, Yaz Gulnur
    [J]. EUROPEAN JOURNAL OF FINANCE, 2018, 24 (7-8): : 584 - 605
  • [38] The global financial market integration of selected emerging markets
    Boamah, Nicholas Addai
    [J]. INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2017, 12 (04) : 683 - 707
  • [39] The Impact of the Financial Crisis on Integration of Bond Markets in the European Union
    Cernohorsky, Jan
    Kynclova, Lucie
    [J]. PROCEEDINGS OF THE 14TH INTERNATIONAL CONFERENCE ON FINANCE AND BANKING, 2014, : 51 - 60
  • [40] African equity markets and the process of global financial integration
    Collins, D
    Abrahamson, M
    [J]. SOUTH AFRICAN JOURNAL OF ECONOMICS, 2004, 72 (04) : 658 - 683
12345