Stock market regulations and international financial integration: the case of Spain

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English
30 pages
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Description


International financial integration effects on Spanish stock market are studied, both for the conditional mean and conditional variance. New institutional regulations in Spain are taken into account and its efficiency consequences are addressed. Results suggest an increasing international integration but nontrivial opportunities for financial diversification may still be relevant.

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Publié par
Publié le 01 juillet 1994
Nombre de lectures 53
Langue English
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