Register  |  Login  |  Inquiries  |  Sitemap
Advanced Search
Journal of Economic Integration 2007 March;22(1) :69-90.
DOI: https://doi.org/10.11130/jei.2007.22.1.69
The Euro and Stock Markets in Hungary, Poland, and UK
Tomoe Moore 
Coventry University
Copyright ©2007 Journal of Economic Integration
ABSTRACT

This paper aims to empirically investigate the effect of the euro on stock markets for Hungary, Poland and the UK, and also the co-movement of the stock prices with the euro-zone using the daily stock price indices. The result reveals that in order to develop the emerging stock markets, exchange rates should appreciate for Hungary, whereas they should depreciate for Poland. Furthermore, evidence of cointegration between the relative stock prices against Germany and exchange rates suggests that participating in the European Monetary Union may, ceteris paribus, stabilise the stock markets for these non-euro member states.

JEL classification:F02, F31, G1, G3

Keywords: Stock prices | Exchange rates | Cointegration | Poland | Hungary | UK | GARCH
TOOLS
PDF Links  PDF Links
Full text via DOI  Full text via DOI
Download Citation  Download Citation
Supplement  Supplement
  E-Mail
Share:      
METRICS
3
Crossref
0
Scopus
1,457
View
3
Download
Editorial Office
Center for Economic Integration, Sejong Institution, Sejong University, 209, Neungdong-Ro, Gwangjin-Gu,
Seoul, 05006, Korea
TEL : +82-2-3408-3338    FAX : +82-2-3408-3338   E-mail : jei@sejong.ac.kr
Browse Articles |  Current Issue |  For Authors and Reviewers |  About
Copyright© by Center for Economic Integration. All right reserved.