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OverviewThe aim of this thesis is to analyze capital markets integration in Europe. It focuses on the integration of the Central European markets (so-called emerging markets) with the more developed Western markets: the Frankfurt Stock Exchange, the London Stock Exchange. We use data of stock prices from the Central European countries that are cross-listed in London or Frankfurt stock exchanges or both. We begin by explaining the different approaches to financing a company - both domestically and internationally. We then describe in detail the concept of cross-listing that is widely used in order to obtain non domestic sources of finance. We investigate the integration of the emerging markets with the Frankfurt Stock Exchange and the London Stock Exchange using the Granger Causality test of information flows. The results show that there is a strong evidence of unidirectional causality from the local markets to the developed markets in both cases - London and Frankfurt. That indicates the European capital markets are still fragmented. Full Product DetailsAuthor: Hana RohackovaPublisher: LAP Lambert Academic Publishing Imprint: LAP Lambert Academic Publishing Dimensions: Width: 15.20cm , Height: 0.40cm , Length: 22.90cm Weight: 0.100kg ISBN: 9783838361895ISBN 10: 383836189 Pages: 60 Publication Date: 19 May 2010 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |