The role of foreign trade in the process of financial integration: the case of European Union countries

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The role of foreign trade in the process of financial integration: the case of European Union countries

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

The role of foreign trade in the process of financial integration: the case of European Union countries

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GAP403%2F11%2F2073" target="_blank" >GAP403/11/2073: Procykličnost finančních trhů, bubliny v cenách aktiv a makroprudenční regulace</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2012

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

512-517

Název nakladatele

Slezská univerzita v Opavě

Místo vydání

Opava

Místo konání akce

Karviná

Datum konání akce

11. 9. 2012

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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