Integration of Markets for Sovereign Bonds in the European Union

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43908286" target="_blank" >RIV/62156489:43110/16:43908286 - isvavai.cz</a>

Výsledek na webu

<a href="http://icfb.rs.opf.slu.cz/sites/icfb.rs.opf.slu.cz/files/kajurova.pdf" target="_blank" >http://icfb.rs.opf.slu.cz/sites/icfb.rs.opf.slu.cz/files/kajurova.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Integration of Markets for Sovereign Bonds in the European Union

Popis výsledku v původním jazyce

Financial integration is a complex process which has been taking part in the European Union for decades. In this paper, the attention is paid to the integration of markets for sovereign bonds in the European Union. The aim of the paper is to find out if markets for sovereign bonds are integrated in the European Union, if the financial crisis, sovereign debt crisis and the banking union announcement had the impact on the government bond market integration. The co-integration approach is used to assess theintegration of sovereign bond marketsin the European Union separately for the euro area member countries and other EU member countries. The results suggest that both crises had the significant impact on market integration process. The situation improved a bit after the banking union announcement in 2012, although the level of the integration did not reach pre-crises level.

Název v anglickém jazyce

Integration of Markets for Sovereign Bonds in the European Union

Popis výsledku anglicky

Financial integration is a complex process which has been taking part in the European Union for decades. In this paper, the attention is paid to the integration of markets for sovereign bonds in the European Union. The aim of the paper is to find out if markets for sovereign bonds are integrated in the European Union, if the financial crisis, sovereign debt crisis and the banking union announcement had the impact on the government bond market integration. The co-integration approach is used to assess theintegration of sovereign bond marketsin the European Union separately for the euro area member countries and other EU member countries. The results suggest that both crises had the significant impact on market integration process. The situation improved a bit after the banking union announcement in 2012, although the level of the integration did not reach pre-crises level.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 15th International Conference on Finance and Banking

ISBN

978-80-7510-186-0

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

146-153

Název nakladatele

Slezská univerzita v Opavě

Místo vydání

Opava

Místo konání akce

Praha

Datum konání akce

13. 10. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000447679800016