IDEAS home Printed from https://ideas.repec.org/a/bla/jbfnac/v20y1993i3p427-439.html

The Integration Of European Stock Markets: The Case Of The Banks

Author

Listed:
  • Wiliam P. Forbes

Abstract

This paper presents an analysis of the degree of integration in the security market for European banks' stock using daily data for the period 30th November, 1987‐28th October, 1988. In particular we study eight banks located in four European states, Germany, the Netherlands, Switzerland and the United Kingdom. Some degree of integration might be expected to be present as a consequence of a common regulatory regime incorporated in the Second European Banking Directive and common capital adequacy requirements. We find strong evidence that a high degree of integration does exist, at least amongst EC states. This suggests that the benefits claimed for capital market deregulation, with its associated ‘convergence criteria’ requirements, may already be being enjoyed by EC states.

Suggested Citation

  • Wiliam P. Forbes, 1993. "The Integration Of European Stock Markets: The Case Of The Banks," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 20(3), pages 427-439, April.
    • Handle: RePEc:bla:jbfnac:v:20:y:1993:i:3:p:427-439
    DOI: 10.1111/j.1468-5957.1993.tb00266.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-5957.1993.tb00266.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-5957.1993.tb00266.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jbfnac:v:20:y:1993:i:3:p:427-439. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0306-686X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.