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https://ruomo.lib.uom.gr/handle/7000/1628
Title: | Bond markets integration in the EU: New empirical evidence from the Eastern non-euro member-states |
Authors: | Stoupos, Nikolaos Kiohos, Apostolos |
Type: | Article |
Subjects: | FRASCATI::Social sciences::Economics and Business::Finance |
Keywords: | Bond markets FCVAR EU unification Financial integration Financial integration EU CEE economies Directional volatility spillovers |
Issue Date: | Nov-2022 |
Publisher: | Elsevier |
Source: | The North American Journal of Economics and Finance |
Volume: | 63 |
First Page: | 101827 |
Abstract: | The financial integration among the member-states in the long run inside the union constitutes an important task of the EU officials and policy makers. The sovereign-debt crisis of the Eurozone decelerated its economic integration and subsequently increased the unwillingness of the non-euro member-states to join the monetary union. In the light of this background, the research aim of this manuscript is to examine the bond markets integration among the EU CEE non-euro countries and the EA Big-5 economies. The empirical evidence supports that the Eastern member-states’ bond markets integration is heterogeneous and disparate. Lastly, the directional volatility spillovers, unveil that the volatility effects on the EU CEE non-euro bond markets are diversified revealing the leading role of EA core bond markets. |
URI: | https://doi.org/10.1016/j.najef.2022.101827 https://ruomo.lib.uom.gr/handle/7000/1628 |
ISSN: | 1062-9408 |
Other Identifiers: | 10.1016/j.najef.2022.101827 |
Appears in Collections: | Department of International and European Studies |
Files in This Item:
File | Description | Size | Format | |
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NAJEF_2022_Stoupos&Kiohos.pdf Until 2024-07-01 | 1,73 MB | Adobe PDF | View/Open Request a copy |
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