Stock market regulations and international financial integration: the case of Spain

Juan Ignacio Peña and Esther Ruiz ()

DEE - Working Papers. Business Economics. WB from Universidad Carlos III de Madrid. Departamento de Economía de la Empresa

Abstract: International financial integration effects on Spanish stock market are studied, both for the conditional mean and conditional variance. New institutional regulations in Spain are taken into account and its efficiency consequences are addressed. Results suggest an increasing international integration but nontrivial opportunities for financial diversification may still be relevant.

Keywords: Egarch; Garch; Stochastic; volatility; Financial; integration (search for similar items in EconPapers)
Date: 1994-07
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Citations: View citations in EconPapers (1)

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Journal Article: Stock market regulations and international financial integration: the case of Spain (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:cte:wbrepe:7083

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