Interdependencies Among the Polish Capital Market and the Markets in Germany and the United States in the Years 1998–2019

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F20%3APU139723" target="_blank" >RIV/00216305:26510/20:PU139723 - isvavai.cz</a>

Výsledek na webu

<a href="https://mme2020.mendelu.cz/" target="_blank" >https://mme2020.mendelu.cz/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Interdependencies Among the Polish Capital Market and the Markets in Germany and the United States in the Years 1998–2019

Popis výsledku v původním jazyce

After 1989, Poland began the transformation process of the country, which aimed to change the economy from centrally planned into a market one. Building an effective financial market was an important element of this process. In the 90s of the last century there was also a significant increase in links between capital markets in the world, which was mainly the result of the progressing globalization. The growing interdependence among financial markets is now an immanent feature of their dynamic development. In this context, it is important to analyse changes in the interrelationships between capital markets, as it allows taking into account the risks associated with their functioning. The current knowledge on the development of financial market mechanisms is also an important element of macroeconomic policy. The main purpose of the article is to conduct an empirical study that will allow identification and description of changes in the interdependencies among the capital market in Poland and the capital markets of Germany and the United States. The study was based on data from the period 1998–2019. DCC-GARCH model was applied here as the research tool.

Název v anglickém jazyce

Interdependencies Among the Polish Capital Market and the Markets in Germany and the United States in the Years 1998–2019

Popis výsledku anglicky

After 1989, Poland began the transformation process of the country, which aimed to change the economy from centrally planned into a market one. Building an effective financial market was an important element of this process. In the 90s of the last century there was also a significant increase in links between capital markets in the world, which was mainly the result of the progressing globalization. The growing interdependence among financial markets is now an immanent feature of their dynamic development. In this context, it is important to analyse changes in the interrelationships between capital markets, as it allows taking into account the risks associated with their functioning. The current knowledge on the development of financial market mechanisms is also an important element of macroeconomic policy. The main purpose of the article is to conduct an empirical study that will allow identification and description of changes in the interdependencies among the capital market in Poland and the capital markets of Germany and the United States. The study was based on data from the period 1998–2019. DCC-GARCH model was applied here as the research tool.

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

38th International Conference on Mathematical Methods in Economics (MME 2020)

ISBN

978-80-7509-734-7

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

669-675

Název nakladatele

Mendel University in Brno

Místo vydání

Brno, Czech Republic

Místo konání akce

Mendel University in Brno, Faculty of Business a

Datum konání akce

9. 9. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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