European Financial Markets: The Effects of European Union Membership on Central and Eastern European Equity Markets by Tony SouthallEuropean Financial Markets: The Effects of European Union Membership on Central and Eastern European Equity Markets by Tony Southall

European Financial Markets: The Effects of European Union Membership on Central and Eastern…

byTony Southall

Paperback | October 19, 2010

Pricing and Purchase Info

$227.35 online 
$247.50 list price save 8%
Earn 1,137 plum® points

Prices and offers may vary in store

Quantity:

In stock online

Ships free on orders over $25

Not available in stores

about

EU membership involves political and economic reforms
which influence financial markets in the new member states.
This study empirically explores and quantifies the effects of
EU accession on the risk and return of equity markets in eight
Central and Eastern European markets joining the EU in 2004.
The study also incorporates a review of how the influence of
macroeconomic variables and the level of integration with
global and European markets change as a result of
EU membership.
Based on empirical tests using weekly data over ten years,
this study concludes that EU membership results in a
significant decline in equity market volatility and a
significant increase in risk-adjusted, but not absolute,
equity returns. Furthermore, the study suggests that equity
markets in new EU member states become increasingly
influenced by global rather than local macroeconomic
factors after the EU accession and that the level of integration
with global markets increases.

Title:European Financial Markets: The Effects of European Union Membership on Central and Eastern…Format:PaperbackDimensions:190 pagesPublished:October 19, 2010Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3790825654

ISBN - 13:9783790825657

Look for similar items by category:

Reviews

Table of Contents

Literature Review.- Definition of Research Questions and Hypotheses.- Methodology.- Review of Empirical Data.- Findings and Discussion.- Conclusions.