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Long-run Relationships between Selected Central European Indexes

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  • Aleksandra Matuszewska-Janica

Abstract

In the paper we discuss the results of the long-run relationships (cointegration) between the Warsaw Stock Exchange and the other three stock exchanges situated in Central Europe: the Vienna Stock Exchange, the Prague Stock Exchange, and the Budapest Stock Exchange. Cointegration analysis is applied to check if the markets are integrated. Highly integrated markets are not isolated from international shocks. Copyright International Atlantic Economic Society 2011

Suggested Citation

  • Aleksandra Matuszewska-Janica, 2011. "Long-run Relationships between Selected Central European Indexes," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(2), pages 157-168, May.
    • Handle: RePEc:kap:iaecre:v:17:y:2011:i:2:p:157-168:10.1007/s11294-011-9300-9
    DOI: 10.1007/s11294-011-9300-9
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    References listed on IDEAS

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    Cited by:

    1. Dorota Witkowska & Krzysztof Kompa & Aleksandra Matuszewska-Janica, 2012. "Analysis of Linkages between Central and Eastern European Capital Markets," Dynamic Econometric Models, Uniwersytet Mikolaja Kopernika, vol. 12, pages 19-34.

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    More about this item

    Keywords

    Central European Stock Exchanges; Long-run relationships; Cointegration; C10; G15;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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