Publication detail

The Comovement of Financial and Trade Integration: Wavelet Co-Spectrum Approach

POMĚNKOVÁ, J. KUČEROVÁ, Z.

Original Title

The Comovement of Financial and Trade Integration: Wavelet Co-Spectrum Approach

Type

conference paper

Language

English

Original Abstract

The paper is focused on the identification of comovement between financial and trade integration in the EU member countries over the period 1993-2012 using a wavelet approach. We use yearly data of selected indicators of financial and trade integration. Our findings show a significant comovement for all countries and indicators in long cycles in period 2000-2009. We also found the comovement between frequencies corresponding to the business cycle in 1993-1994, 2003-2004 and in general 2008-2010. The process of financial integration was stronger in the "old" EU member countries (plus Cyprus and Malta) and the process of trade integration in the "new" member countries. We conclude that there was a strong relation between financial and trade integration in the pre-crisis period (before 2008) in the EU countries compared to period after 2008.

Keywords

wavelet co-spectrumcomovementfinancial integrationforeign trade integration

Authors

POMĚNKOVÁ, J.; KUČEROVÁ, Z.

Released

1. 12. 2014

Location

PALACKY UNIV OLOMOUCKRIZKOVSKEHO 8, OLOMOUC, 771 47, CZECH REPUBLIC

ISBN

978-80-244-4209-9

Book

MATHEMATICAL METHODS IN ECONOMICS (MME 2014)

Pages from

819

Pages to

824

Pages count

6

URL

https://www.webofscience.com/wos/woscc/full-record/WOS:000356417900141

BibTex

@inproceedings{BUT188380,
  author="Jitka {Dluhá} and Zuzana {Kučerová}",
  title="The Comovement of Financial and Trade Integration: Wavelet Co-Spectrum Approach",
  booktitle="MATHEMATICAL METHODS IN ECONOMICS (MME 2014)",
  year="2014",
  pages="819--824",
  address="PALACKY UNIV OLOMOUCKRIZKOVSKEHO 8, OLOMOUC, 771 47, CZECH REPUBLIC",
  isbn="978-80-244-4209-9",
  url="https://www.webofscience.com/wos/woscc/full-record/WOS:000356417900141"
}