Abstract:

Investment, European Economic and Monetary Union, Capital flows, Asset management, International Portfolio, Portfolio Flows, Portfolio Concentration, stock index, unemployment, unemployment rate, portfolio investment, bond, equity securities, financial system, bond indices, international capital, stock market, bond returns, stock returns, financial stability, asset valuation, government bond, average unemployment, financial market, financial services, international financial markets, employment equations, average unemployment rate, bond markets, stock prices, bond price, government bond markets, future cash flows, bond prices, financial economics, financial contagion, financial instruments