search query: @author Yang, J. / total: 7
reference: 2 / 7
| Author: | Yang, J. Min, I. Li, Q. |
| Title: | European stock market integration: does EMU matter? |
| Journal: | Journal of Business Finance and Accounting
2003 : NOV/DEC, VOL. 30:9/10, p. 1253-1276 |
| Index terms: | European monetary system Monetary integration Stock markets |
| Language: | eng |
| Abstract: | The impact of recent establishment of the Economic and Monetary Union (EMU) on the long-run, short-run and contemporaneous structures of integration among eleven European and the US stock markets and the US. The results indicate that although two cointegration vectors exist both before and after the establishment of the EMU, the long-run linkages among these markets have generally been strengthened after the establishment of the EMU as equilibria are restored more quickly after system-wide shocks. |
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