Integration of European Stock Markets. A Review and Extension of Quantity-Based Measures.
We examine to what extent Europe´s stock markets are integrated, and how this can be measured. We review 54 empirical studies and find an overemphasis on price-based measures and a need for more quantity-based studies. We update the Baele et al (2004) study on investment funds' equity holdings...
| Main Authors: | , |
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| Format: | Others |
| Language: | en |
| Published: |
Europainstitut, WU Vienna University of Economics and Business
2006
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| Online Access: | http://epub.wu.ac.at/320/1/document.pdf |