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L’intégration des marchés financiers

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  • José Soares Fonseca

    (GEMF and Faculdade de Economia, Universidade de Coimbra)

Abstract

Dans cette recherche est présenté un “survey” de la théorie sur l’intégration des marchés financiers, suivi de l’analyse empirique sur l’intégration des indices nationaux de seize pays européens dans le « marché européen d’actions », représenté alternativement par ls indices EMU et Europe. Une méthode de co-intégration fut utilisée, qui permît de classifier les indices nationaux dans différents degrés d’intégration au niveau européen : ceux qui sont parfaitement co-intégrés avec les indices européens et ceux qui présentent, par rapport à ces derniers, des relations stationnaires de long terme, mais pas de co-intégration.

Suggested Citation

  • José Soares Fonseca, 2006. "L’intégration des marchés financiers," GEMF Working Papers 2006-06, GEMF, Faculty of Economics, University of Coimbra.
    • Handle: RePEc:gmf:wpaper:2006-06
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    North; growth;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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