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KUČEROVÁ, Z. POMĚNKOVÁ, J.
Originální název
Financial and Trade Integration of Selected EU Regions: Dynamic Correlation and Wavelet Approach
Typ
článek v časopise ve Web of Science, Jimp
Jazyk
angličtina
Originální abstrakt
We evaluate the process of financial and trade integration in 26 European Union (EU) coun-tries over the period 1993-2012. We distinguish between “new” and “old” EU countries to compare the processes of financial and trade integration in the developed countries and for-merly central-planned economies. We use classical and moving correlation, dynamic correla-tion, and wavelet cospectrum. Classical and moving correlation shows the strong relation until 2008). Dynamic correlation confirms strong relation for long and business cycle frequencies. Specification via wavelet cospectrum reveals that long frequencies are correlated in the period 2000-09, business cycle frequencies in the period 1993-94 and 2003-04 and middle frequen-cies generally in the period 2008-10. The process of financial integration was stronger in the old EU member countries while the process of trade integration in the new member countries.
Klíčová slova
financial integration, foreign trade, international financial markets, correlation analysis, wavelet cospectrum
Autoři
KUČEROVÁ, Z.; POMĚNKOVÁ, J.
Rok RIV
2015
Vydáno
2. 10. 2015
Nakladatel
Ekonomický ústav SAV a Prognostický ústav SAV
Místo
Bratislava
ISSN
0013-3035
Periodikum
Journal of Economics
Ročník
63
Číslo
7
Stát
Slovenská republika
Strany od
686
Strany do
704
Strany počet
19
BibTex
@article{BUT116817, author="Zuzana {Kučerová} and Jitka {Dluhá}", title="Financial and Trade Integration of Selected EU Regions: Dynamic Correlation and Wavelet Approach", journal="Journal of Economics", year="2015", volume="63", number="7", pages="686--704", issn="0013-3035" }