EXCHANGE CONTROLS AND EUROPEAN STOCK-MARKET INTEGRATION

Authors
CHELLEYSTEELEY PL STEELEY JM PENTECOST EJ
Citation
Pl. Chelleysteeley et al., EXCHANGE CONTROLS AND EUROPEAN STOCK-MARKET INTEGRATION, Applied economics, 30(2), 1998, pp. 263-267
Citations number
8
Categorie Soggetti
Economics
Journal title
Applied economics → ACNP
ISSN journal
00036846
Volume
30
Issue
2
Year of publication
1998
Pages
263 - 267
Database
ISI
SICI code
0003-6846(1998)30:2<263:ECAESI>2.0.ZU;2-T
Abstract
This paper examines the impact on stock price predictability that the removal of exchange controls had on major European countries during th e late 1970s and 1980s. It is found that for Germany, Switzerland and France, the removal of exchange controls led to an increase in the int erdependence between these and other markets. In contrast, there is li ttle evidence of an increase in interdependence for the UK and Italy.