Quelle convergence financière pour les pecos ?. Une analyse économétrique de l'évolution des marchés d'actions (1998-2003)

Christian Aubin, Jean-Pierre Berdot, Daniel Goyeau and Jacques Léonard

Revue économique, 2005, vol. 56, issue 1, 147-169

Abstract: Looking for a common stochastic factor in the evolution of equity markets indexes for ceecs candidates in 2003 to the European Union, this paper inquires into some form of convergence between financial markets of these countries and between these markets and the European one. Taking into account the specific effects of monetary disturbances by expressing all market indexes in euro, we highlight a stochastic factor common to all ceecs markets, but not to an area including Euroland. This common trend can be interpreted with respect to the ongoing process of financial markets reforms.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_561_0147 (application/pdf)
http://www.cairn.info/revue-economique-2005-1-page-147.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:recosp:reco_561_0147

Access Statistics for this article

More articles in Revue économique from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().