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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

9

Strana od-do

344-352

Název nakladatele

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

Místo vydání

Bratislava/Slovakia

Místo konání akce

Púchov

Datum konání akce

27. 5. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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