Euro area stock markets integration: Empirical evidence after the end of 2010 debt crisis

Nikolaos Stoupos () and Apostolos Kiohos

Finance Research Letters, 2022, vol. 46, issue PB

Abstract: The Euro Area faces plenty of financial and economic asymmetries on account of the dissimilar economies’ participation in the union. The long-term financial integration of the EA member-states constitutes a significant task for the EU policy makers in business and economic terms. This letter investigates the degree of stock markets integration in the Eurozone after the end of 2010 debt-crisis. The results reveal that the stock market integration be strong between Germany and EA core member-states but disparate for the EA periphery. In contrast, there are only indications regarding the EA Eastern Mediterranean and Baltic stock markets integration with DAX-30.

Keywords: Realized volatility-dynamics; Euro Area stock markets; Stock markets integration; Market risk analysis; Financial integration (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:46:y:2022:i:pb:s1544612321004128

DOI: 10.1016/j.frl.2021.102423

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