Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2017.1305774
Testing causal relation among central and eastern European equity markets: evidence from asymmetric causality test
Emrah Ismail Cevik
Turhan Korkmaz
Emre Cevik
Sažetak
The aim of this study is to analyse the presence of a causal link among
financial markets of Central and Eastern Europe (CEE) countries by
adopting an asymmetric causality test. The standard causality test
results suggest a causal relation running from the Czech Republic to
Poland. Also, the Poland stock market is found to be a Granger cause
of Turkey stock markets. Asymmetric causality test results indicate only
a causal link going from the Czech Republic to Hungary and Poland.
In addition, the presence of financial integration between Germany
and CEE equity markets cannot be determined.
Ključne riječi
Stock markets; financial integration; causality; CEE equity markets
Hrčak ID:
180824
URI
Datum izdavanja:
1.12.2017.
Posjeta: 992 *