Taux d'intérêt et marchés boursiers: une analyse empirique de l'intégration financière internationale

Vladimir Borgy and Valérie Mignon ()

Economie & Prévision, 2009, vol. n° 187, issue 1, 105-121

Abstract: The authors study the dynamics of financial integration between the United States and the euro zone. We focus on price-based indicators and two types of variables: short- and long-term interest rates and stock prices. Our results show the long-term validity of uncovered interest parity for nominal short-term rates. They also indicate a growing interdependence between stock markets. Our findings corroborate the trend toward closer financial integration between the U.S. and the euro zone.

Keywords: financial integration; interest rates; uncovered interest parity; stock returns; United States; euro zone (search for similar items in EconPapers)
Date: 2009
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Related works:
Journal Article: Taux d’intérêt et marchés boursiers: une analyse empirique de l’intégration financière internationale (2009)
Working Paper: Taux d’intérêt et marchés boursiers: une analyse empirique de l’intégration financière internationale (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:ecoldc:ecop_187_0105

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