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European Equity Markets and EMU: Are the Differences Between Countries Slowly Disappearing?

K. Rouwenhorst

Yale School of Management Working Papers from Yale School of Management

Abstract: During the 1980s country effects have been larger than industry effects in the equity markets of Western Europe. This has continued to be the case for the EMU countries in the 1993-1998 period, despite the convergence of interest rates and the harmonization of fiscal and monet

Date: 1998-10-01, Revised 2000-08-01
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