Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10489153 | Research in International Business and Finance | 2005 | 16 Pages |
Abstract
The paper examines the question whether the economic convergence brought about by the European Monetary Union resulted in increased correlations across EMU equity market returns, which subsequently lead to a reduction in the benefits for investors in these markets. The study employs data from 1988 to 2003 in which correlation, cointegration and causality estimation techniques are used to describe the behaviour of the seven European equity market returns. The paper focuses on the question of whether a foreign (US) investor can benefit from investing in European equity markets in light of the developments brought about by the European Monetary Union (EMU).
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Xuan Vinh Vo, Kevin James Daly,