The role of foreign trade in the process of financial integration: the case of European Union countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F12%3A86084335" target="_blank" >RIV/61989100:27510/12:86084335 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The role of foreign trade in the process of financial integration: the case of European Union countries
Original language description
The importance of monetary integration is increasing and the adoption of a common currency has to be accompanied by financial market integration. Using a data sample of EU member countries over the period 1994-2008 we assess the impact of the individualfactors which dominated the process of financial market integration in the selected region. The empirical model is estimated by using the econometric method of panel regression. Because of the existence of reverse causality, i.e. the existence of simultaneity between the dependent variable and one of the explanatory variables (foreign trade) of the "basic" model, another equation was added into the model and this simultaneous equations model was then estimated by using the instrumental variables methodand the two stage least squares method (the ?new? model). We conclude that foreign trade has a positive impact on the financial integration and that increasing financial integration leads to more intensive foreign trade among these countr
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GAP403%2F11%2F2073" target="_blank" >GAP403/11/2073: Procyclicality of financial markets, asset price bubbles and macroprudential regulation</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of 30th International Conference Mathematical Methods in Economics : 11-13 September 2012, Karviná, Czech Republic
ISBN
978-80-7248-779-0
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
512-517
Publisher name
Slezská univerzita v Opavě
Place of publication
Opava
Event location
Karviná
Event date
Sep 11, 2012
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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