Financial Integration at Times of Crisis and Recovery
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10238172" target="_blank" >RIV/61989100:27510/17:10238172 - isvavai.cz</a>
Result on the web
<a href="http://www.emeraldinsight.com/doi/pdfplus/10.1108/S1569-376720170000018010" target="_blank" >http://www.emeraldinsight.com/doi/pdfplus/10.1108/S1569-376720170000018010</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Financial Integration at Times of Crisis and Recovery
Original language description
The global financial crisis of 2007/2008 interrupted the process of financial integration observed in the European Union since the beginning of the 2000s. This paper empirically analyzes whether financial integration resumed, focusing on the period 2002-2015 and employing the indicators of the speed and the level of integration. The analysis covers four financial markets (the money, foreign exchange, bond, and equity markets) of the selected inflation-targeting Central European economies (the Czech Republic, Hungary, and Poland), representatives of new euro area countries (Slovenia and Slovakia) and the selected advanced Western European economies (Austria, Germany, Portugal) with the euro area. The results reveal that the global financial crisis caused mainly a temporary price divergence of the financial markets in the analyzed countries vis-a-vis the euro area. By 2015 the situation on the financial markets returned gradually to the pre-crisis degree of integration with the euro area for most of the countries and markets; however, there are signs of fragmentation on the government bond markets.
Czech name
—
Czech description
—
Classification
Type
C - Chapter in a specialist book
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
Economic Imbalances and Institutional Changes to the Euro and the European Union
ISBN
978-1-78714-510-8
Number of pages of the result
30
Pages from-to
173-191
Number of pages of the book
480
Publisher name
Emerald Group Publishing Limited
Place of publication
Bradford
UT code for WoS chapter
—