Hellenic Open University Conferences, International Conference on Business & Economics of the Hellenic Open University 2015

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INTEGRATION OF GREEK AND POLISH EQUITY MARKET WITH THE EURO AREA EQUITY MARKET. COMPARATIVE ANALYSIS
SLAWOMIR BUKOWSKI, ALINA HYZ

Building: Titania
Room: Platon
Date: 2015-02-07 09:00 AM – 10:45 AM
Last modified: 2015-01-27

Abstract


The aim of paper is answer the following questions: 1) What is the degree of financial market integration with euro area equity market in the case of Greece and Poland on the background of euro area’s equity market integration? 2) What experience concern Greek equity market integration with equity market in the euro area are important for Poland from the point of view of future membership in euro area? 3) What is the impact of global recession and financial crisis on the process of Greek equity market integration with euro area equity market? Data/Methods Critical analyzes of theoretical aspects of financial markets integration in the monetary union. Statistical and econometric analyzes. Author will apply price-based measures of integration degree, especially news – based measures. Expected results Analyses will show tendencies concern changes of integration degree with euro area equity market in the period of 1999-2013. On the base of the analyses results Author is going to formulate conclusions concern: - present and future of Greek equity market integration with euro are equity market, - present and future of Polish membership in euro area.

Keywords


MONETARY UNION; EURO AREA; FINANCIAL MARKETS; EQUITY MARKET