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European Equity Markets and EMU: Are the Differences Between Countries Slowly Disappearing?

13 Pages Posted: 21 Oct 1998  

K. Geert Rouwenhorst

Yale School of Management - International Center for Finance

Date Written: October 1998

Abstract

During the 1980s country effects have been larger than industry effects in the equity markets of Western Europe. This has continued to be the case for the EMU countries in the 1993-1998 period, despite the convergence of interest rates and the harmonization of fiscal and monetary policies following the Maastricht Treaty of 1992. As of now, there is no evidence that the differences between countries have disappeared.

JEL Classification: G11, G12, G15

Suggested Citation

Rouwenhorst, K. Geert, European Equity Markets and EMU: Are the Differences Between Countries Slowly Disappearing? (October 1998). Available at SSRN: https://ssrn.com/abstract=137435 or http://dx.doi.org/10.2139/ssrn.137435

K. Geert Rouwenhorst (Contact Author)

Yale School of Management - International Center for Finance ( email )

165 Whitney Avenue
P.O. Box 208200
New Haven, CT 06520-8200
United States
203-432-6046 (Phone)
203-432-8931 (Fax)

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