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Financial Convergence in the New EU Member States

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  • Kalin Hristov
  • Rossen Rozenov

Abstract

In this paper we explore the issue of financial convergence in the new EU member states (NMS). For the purposes of our analysis the countries falling into the category NMS are Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia, i.e. all countries that joined the EU in the last decade, except Cyprus and Malta.

Suggested Citation

  • Kalin Hristov & Rossen Rozenov, 2009. "Financial Convergence in the New EU Member States," Working Paper / FINESS 1.2, DIW Berlin, German Institute for Economic Research.
    • Handle: RePEc:diw:diwfin:diwfin1.2
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.96137.de/diw_finess_01020.pdf
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    References listed on IDEAS

    as
    1. Goldberg, Pinelopi K. & Verboven, Frank, 2005. "Market integration and convergence to the Law of One Price: evidence from the European car market," Journal of International Economics, Elsevier, vol. 65(1), pages 49-73, January.
    2. Oded Galor, 1996. "Discrete Dynamical Systems," Working Papers 96-23, Brown University, Department of Economics.
    3. Farhad Rassekh, 1998. "The Convergence Hypothesis: History, Theory, and Evidence," Open Economies Review, Springer, vol. 9(1), pages 85-105, January.
    4. Oded Galor, 2007. "Discrete Dynamical Systems," Springer Books, Springer, edition 1, number 978-3-540-36776-5, December.
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    Cited by:

    1. Pagliacci, Carolina, 2019. "Dynamic credit convergence in CARD: The spreading of common shocks," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    2. repec:got:cegedp:80 is not listed on IDEAS
    3. Erdogan, Burcu, 2009. "How does European Integration affect the European Stock Markets?," University of Göttingen Working Papers in Economics 80, University of Goettingen, Department of Economics.
    4. Michał Fronc & Piotr Mielus, 2017. "Financial convergence on emerging markets: the case of CEE countries," Bank i Kredyt, Narodowy Bank Polski, vol. 48(2), pages 149-172.
    5. Burcu Erdogan, 2009. "How Does European Integration Affect the European Stock Markets?," Working Paper / FINESS 1.1a, DIW Berlin, German Institute for Economic Research.

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