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.
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页数：5
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