Bulls and Bears: Lessons from Some European Countries

27 Pages Posted: 19 Jan 2002

See all articles by Javier Gómez Biscarri

Javier Gómez Biscarri

Universitat Pompeu Fabra; Barcelona Graduate School of Economics (Barcelona GSE)

Fernando Perez De Gracia

School of Economics and Business - University of Navarra

Abstract

This paper analyzes the recent behavior of stock markets in four European countries. More specifically, we describe the bull and bear phases of those markets, comparing some of their more relevant features across countries and with those of the US. We also comment on the degree of concordance of stock market phases across countries. We find that cycles in European countries have become substantially more concordant in the recent years, a result that was to be expected given the increased integration of the European financial markets, but that the degree of concordance is not high.

Suggested Citation

Gómez Biscarri, Javier and Perez de Gracia Hidalgo, Fernando, Bulls and Bears: Lessons from Some European Countries. Available at SSRN: https://ssrn.com/abstract=296822 or http://dx.doi.org/10.2139/ssrn.296822

Javier Gómez Biscarri

Universitat Pompeu Fabra ( email )

Ramon Trias Fargas, 25-27
Barcelona, E-08005
Spain

Barcelona Graduate School of Economics (Barcelona GSE) ( email )

Ramon Trias Fargas, 25-27
Barcelona, Barcelona 08005
Spain

Fernando Perez de Gracia Hidalgo (Contact Author)

School of Economics and Business - University of Navarra ( email )

Campus Universitario
Pamplona, Navarra 31080
Spain

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