Interdependencies on the Czech Capital Market in the Context of Accession to the Structures of the European Union

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F20%3APU137941" target="_blank" >RIV/00216305:26510/20:PU137941 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Interdependencies on the Czech Capital Market in the Context of Accession to the Structures of the European Union

Original language description

The Czech Republic began official accession negotiations with the European Union in 1998. As a result of the reforms and structural changes carried out in the country, the Czech Republic joined the structures of the European Union in 2004. Undoubtedly, the development of international organizations, including the European Union and participation in these institutional structures, has contributed to the increase of links and interrelations between member states. This phenomenon is also an important determinant of the increase of interdependence between capital markets of the member countries. An important issue is the analysis of changes in the strength of links between markets over time, the results of which allow for more effective management of financial risk related to the functioning of capital markets. The main objective of the article is to provide information on the interrelations between the Czech capital market and leading capital markets in Europe, the capital market of Germany and Great Britain. The analysis was carried out in the period 1998-2019, in which the Czech economy underwent numerous institutional changes related to membership in the European Union. The DCC-GARCH model with conditional t-student distribution was used to identify changes in interrelationships over time.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XX

ISBN

978-80-89962-60-0

ISSN

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e-ISSN

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Number of pages

9

Pages from-to

344-352

Publisher name

The Slovak Society for Operations Research, Department of Operations Research and Econometrics, Faculty of Economic Informatics, University of Economics in Bratislava

Place of publication

Bratislava/Slovakia

Event location

Púchov

Event date

May 27, 2020

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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