{"product_id":"9783790820737","title":"Contributions to Economics: The Effects of European Union Membership on Central and Eastern European Equity Markets","description":"\u003ch1\u003eContributions to Economics: The Effects of European Union Membership on Central and Eastern European Equity Markets\u003c\/h1\u003e \u003ch2\u003eSouthall, Tony\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eEU membership involves political and economic reforms \u003cbr\u003ewhich influence financial markets in the new member states. \u003cbr\u003eThis study empirically explores and quantifies the effects of \u003cbr\u003eEU accession on the risk and return of equity markets in eight \u003cbr\u003eCentral and Eastern European markets joining the EU in 2004. \u003cbr\u003eThe study also incorporates a review of how the influence of \u003cbr\u003emacroeconomic variables and the level of integration with \u003cbr\u003eglobal and European markets change as a result of \u003cbr\u003eEU membership. \u003cbr\u003eBased on empirical tests using weekly data over ten years, \u003cbr\u003ethis study concludes that EU membership results in a \u003cbr\u003esignificant decline in equity market volatility and a \u003cbr\u003esignificant increase in risk-adjusted, but not absolute, \u003cbr\u003eequity returns. Furthermore, the study suggests that equity \u003cbr\u003emarkets in new EU member states become increasingly \u003cbr\u003einfluenced by global rather than local macroeconomic \u003cbr\u003efactors after the EU accession and that the level of integration \u003cbr\u003ewith global markets increases. \u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Physica\u003c\/p\u003e \u003cp\u003ePublication Date: 2008-10-10\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783790820737\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-7908-2074-4\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 190\u003c\/p\u003e ","brand":"Physica-Verlag HD","offers":[{"title":"Default Title","offer_id":47380063420556,"sku":"9783790820737","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783790820737.jpg?v=1775733677","url":"https:\/\/lateknightbooks.com\/products\/9783790820737","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}