The nexus between inflation and financial integration in the euro area

被引：0
|
作者：
Kaya, Orcun [1 ,3 ]
Demirel, Mustafa [2 ]
机构：
[1] Ctr Corp Finance & Corp Banking, ZHAW Sch Management & Law, Winterthur, Switzerland
[2] Isbank AG, Treasury & Investment Serv, Frankfurt, Germany
[3] Ctr Corp Finance & Corp Banking, ZHAW Sch Management & Law, Gertrudstr 8, CH-8400 Winterthur, Switzerland
来源：
APPLIED ECONOMICS LETTERS | 2024年
关键词：
Financial integration; inflation; euro area; wavelet coherence;
D O I：
10.1080/13504851.2024.2333457
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper employs wavelet coherence analysis to examine the co-movement of inflation and financial integration (FI) in the Euro area. We measure FI using the ECB's integration indicators. Our results demonstrate that the relationship between inflation and FI varies over time, presenting a dynamic nature. The link between inflation and FI intensifies during crisis. We find a limited impact of inflation on money market integration while documenting a significant adverse effect on bond and equity market integration.
引用
收藏
页数：5
相关论文
共 50 条
  • [31] The euro and financial market integration
    Askari, H
    Chatterjee, J
    JOURNAL OF COMMON MARKET STUDIES, 2005, 43 (01): : 1 - 11
  • [32] Comments on "The financial content of inflation risks in the euro area" by Andrade, Fourel, Ghysels and Idier
    Monteforte, Libero
    Frale, Cecilia
    INTERNATIONAL JOURNAL OF FORECASTING, 2014, 30 (03) : 660 - 661
  • [33] Inflation (mis)perceptions in the euro area
    Francisco Dias
    Cláudia Duarte
    António Rua
    Empirical Economics, 2010, 39 : 353 - 369
  • [34] Optimal Inflation Weights in the Euro Area
    Bragoli, Daniela
    Rigon, Massimiliano
    Zanetti, Francesco
    INTERNATIONAL JOURNAL OF CENTRAL BANKING, 2016, 12 (02): : 357 - 383
  • [35] Inflation (mis)perceptions in the euro area
    Dias, Francisco
    Duarte, Claudia
    Rua, Antonio
    EMPIRICAL ECONOMICS, 2010, 39 (02) : 353 - 369
  • [36] A core inflation indicator for the euro area
    Cristadoro, R
    Forni, M
    Reichlin, L
    Veronese, G
    JOURNAL OF MONEY CREDIT AND BANKING, 2005, 37 (03) : 539 - 560
  • [37] Convergence of Euro area inflation rates
    Lopez, Claude
    Papell, David H.
    JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2012, 31 (06) : 1440 - 1458
  • [38] Financial Stress Spillover and Financial Linkages between the Euro Area and the Czech Republic
    Adam, Tomas
    Benecka, Sona
    FINANCE A UVER-CZECH JOURNAL OF ECONOMICS AND FINANCE, 2013, 63 (01): : 46 - 64
  • [39] TESTING THE ENDOGENEITY OF TRADE AND FINANCIAL INTEGRATION AND SECTORAL SPECIALIZATION IN AN ENLARGED EURO AREA
    Dinu, Marin
    Marinas, Marius-Corneliu
    Socol, Cristian
    Socol, Aura-Gabriela
    ROMANIAN JOURNAL OF ECONOMIC FORECASTING, 2014, 17 (01): : 86 - 104
  • [40] Financial integration in the euro area: Pro-cyclical effects and economic convergence
    van Ewijk, Saskia E.
    Arnold, Ivo J. M.
    ECONOMIC MODELLING, 2015, 44 : 335 - 342
12345