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Stock market regulations and international financial integration: the case of Spain

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  • Peña, Juan Ignacio
  • Ruiz Ortega, Esther

Abstract

International financial integration effects on Spanish stock market are studied, both for the conditional mean and conditional variance. New institutional regulations in Spain are taken into account and its efficiency consequences are addressed. Results suggest an increasing international integration but nontrivial opportunities for financial diversification may still be relevant.

Suggested Citation

  • Peña, Juan Ignacio & Ruiz Ortega, Esther, 1994. "Stock market regulations and international financial integration: the case of Spain," DEE - Working Papers. Business Economics. WB 7083, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    • Handle: RePEc:cte:wbrepe:7083
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    Cited by:

    1. Font, Begoña, 1998. "Modelización de series temporales financieras. Una recopilación," DES - Documentos de Trabajo. Estadística y Econometría. DS 3664, Universidad Carlos III de Madrid. Departamento de Estadística.

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