03498ntm a22004937a 4500 000215031 CZ-PrVSE 20120219162148.0 m d cr n|||||||||| 120219s2011 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 Krutišová, Alena ISIS:41315 dis Integrace kapitálových trhů ve střední a východní Evropě eng Integration of the equity markets in the CEE countries - opportunity for international portfolio diversification [elektronický zdroj] / Alena Krutišová 2011 ?? s. : digital, PDF soubor Vedoucí práce: Anna Klosová Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta mezinárodních vztahů, 2012 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2012 There are several advantages of capital markets integration, such as increasing overall market liquidity, improving the scope for diversification and risk sharing. Therefore, the European institutions try to boost capital markets integration among the member states. The aim of this empirical paper is to analyse the level of integration of the main equity markets in the Central and Eastern Europe (CEE): the Czech Republic, Poland, Hungary, Slovakia, Romania and Bulgaria from 2001 until 2010 using an integration score analysis. This methodology was proposed by Akdogan (1996; 1997) and later extended by Barari (2004) and by Birg & Lucey (2006). The paper focuses on the developments of regional and global integration of these countries. Findings from this research can be of interest to investors as well as policy makers because the degree of capital markets integration has important implications for cross-border capital flows, financial management, and for the conduct of monetary policy. The results from this paper suggest that the opportunities for portfolio diversification are diminishing in the CEE countries. The diversification benefits were mainly reduced by the accession to the EU, but they did not completely disappear. The findings showed that the global financial crisis in 2008 brought about a rapid change in integration. Global integration increased during the crises, whereas the regional started to decline after years of rising. Způsob přístupu: Internet diplomové práce fd132022 czenas master's theses eczenas Central and Eastern Europe capital markets integration integration score analysis economics of international trade and european integration [obor dipl. práce] Klosová, Anna, 1942- mzk2007423930 ths Jegers, Marc opn Vysoká škola ekonomická v Praze. Fakulta mezinárodních vztahů kn20010709400 https://isis.vse.cz/zp/35592/podrobnosti VŠKP v InSIS https://isis.vse.cz/zp/35592 Hlavní práce https://isis.vse.cz/zp/35592/posudek/vedouci Hodnocení vedoucího https://isis.vse.cz/zp/35592/posudek/oponent/24522 Oponentura http://isis.vse.cz/zp/117435/podrobnosti dc:identifier NEPOSILAT VSKP 117435 vse35592 120217