Euro - Mediterranean Zone: Between Macroeconomic and Institutional Integration
作者: Ahmed KallelNajoua Zoghlami
刊名: Journal of Economics and Sustainable Development, 2015
来源数据库: International Institute of Science, Technology and Education
原始语种摘要: This paper's purpose is to use a direct and homogeneous measure of regional financial integration for countries which composed the Euro-Mediterranean, economic and financial, principal partners. We tried to gather contributions of three measurements used generally to evaluate financial integration level in order to formalize a global appreciation of this regional phenomenon. Results show that financial yields spread contraction between countries through the period is not due to macroeconomic integration process acceleration but to Euro-Mediterranean institutional similarity. Keywords: Financial Integration; Interest Rate Parity; Investment; Saving; Central Bank Independence; Euro-Mediterranean Space.
全文获取路径: 科学、技术和教育国际协会 

  • macroeconomic 宏观经济的
  • financial 财政的
  • regional 地方的
  • Mediterranean 被陆地包围的
  • Euro European
  • institutional 惯例的
  • integration 集成
  • purpose 目的
  • generally 通常
  • appreciation 评价