{"id":"https://openalex.org/W2033237996","doi":"https://doi.org/10.11130/jei.2009.24.2.197","title":"Financial Market Dynamics in an Enlarged European Union","display_name":"Financial Market Dynamics in an Enlarged European Union","publication_year":2009,"publication_date":"2009-06-15","ids":{"openalex":"https://openalex.org/W2033237996","doi":"https://doi.org/10.11130/jei.2009.24.2.197","mag":"2033237996"},"language":"en","primary_location":{"id":"doi:10.11130/jei.2009.24.2.197","doi":"https://doi.org/10.11130/jei.2009.24.2.197","is_oa":true,"landing_page_url":"https://doi.org/10.11130/jei.2009.24.2.197","pdf_url":"https://www.e-jei.org/upload/D70W2883503V6491.pdf","source":{"id":"https://openalex.org/S2764651625","display_name":"Journal of Economic Integration","issn_l":"1225-651X","issn":["1225-651X","1976-5525"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","kci-registered","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319426","host_organization_name":"Sejong University","host_organization_lineage":["https://openalex.org/P4310319426"],"host_organization_lineage_names":["Sejong University"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Integration","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://www.e-jei.org/upload/D70W2883503V6491.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5008967955","display_name":"Dimitris F. Kenourgios","orcid":"https://orcid.org/0000-0003-2676-2524","observed_orcids":["https://orcid.org/0000-0003-2676-2524"]},"institutions":[{"id":"https://openalex.org/I200777214","display_name":"National and Kapodistrian University of Athens","ror":"https://ror.org/04gnjpq42","country_code":"GR","type":"education","lineage":["https://openalex.org/I200777214"]}],"countries":["GR"],"is_corresponding":false,"raw_author_name":"Dimitris Kenourgios","raw_affiliation_strings":["University of Athens","National and kapodistrian University of Athens"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Athens","institution_ids":["https://openalex.org/I200777214"]},{"raw_affiliation_string":"National and kapodistrian University of Athens","institution_ids":["https://openalex.org/I200777214"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5033012754","display_name":"Aristeidis Samitas","orcid":"https://orcid.org/0000-0002-4397-2008","observed_orcids":["https://orcid.org/0000-0002-4397-2008"]},"institutions":[{"id":"https://openalex.org/I180825142","display_name":"City, University of London","ror":"https://ror.org/04489at23","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I180825142","https://openalex.org/I4401726869"]},{"id":"https://openalex.org/I200777214","display_name":"National and Kapodistrian University of Athens","ror":"https://ror.org/04gnjpq42","country_code":"GR","type":"education","lineage":["https://openalex.org/I200777214"]},{"id":"https://openalex.org/I28777354","display_name":"Sejong University","ror":"https://ror.org/00aft1q37","country_code":"KR","type":"education","lineage":["https://openalex.org/I28777354"]},{"id":"https://openalex.org/I98805295","display_name":"University of the Aegean","ror":"https://ror.org/03zsp3p94","country_code":"GR","type":"education","lineage":["https://openalex.org/I98805295"]}],"countries":["GB","GR","KR"],"is_corresponding":false,"raw_author_name":"Aristeidis Samitas","raw_affiliation_strings":["University of the Aegean","-Center for International Economics, Sejong Institution, Sejong University, All Rights Reserved","Cass Business School","Department of Business Administration, Business School, University of the Aegean, 8 Michalon Str., 82100 Chios, Greece","Department of Economics, University of Athens, 5 Stadiou Str., Office 213, 10562 Athens, Greece","Faculty of Finance, Cass Business School, City University London, 105 Westbourne Terrace, W2 6QT, Paddington, UK","University of Athens"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of the Aegean","institution_ids":["https://openalex.org/I98805295"]},{"raw_affiliation_string":"-Center for International Economics, Sejong Institution, Sejong University, All Rights Reserved","institution_ids":["https://openalex.org/I28777354"]},{"raw_affiliation_string":"Cass Business School","institution_ids":["https://openalex.org/I180825142"]},{"raw_affiliation_string":"Department of Business Administration, Business School, University of the Aegean, 8 Michalon Str., 82100 Chios, Greece","institution_ids":["https://openalex.org/I98805295"]},{"raw_affiliation_string":"Department of Economics, University of Athens, 5 Stadiou Str., Office 213, 10562 Athens, Greece","institution_ids":["https://openalex.org/I200777214"]},{"raw_affiliation_string":"Faculty of Finance, Cass Business School, City University London, 105 Westbourne Terrace, W2 6QT, Paddington, UK","institution_ids":["https://openalex.org/I180825142"]},{"raw_affiliation_string":"University of Athens","institution_ids":["https://openalex.org/I200777214"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5029190246","display_name":"Nikos Paltalidis","orcid":"https://orcid.org/0000-0002-8490-0780","observed_orcids":["https://orcid.org/0000-0002-8490-0780"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Nikos Paltalidis","raw_affiliation_strings":["Economics & Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Economics & Finance","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.0131,"has_fulltext":true,"cited_by_count":18,"citation_normalized_percentile":{"value":0.90260127,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"24","issue":"2","first_page":"197","last_page":"221"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.0038999998942017555,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0015999999595806003,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-market-integration","display_name":"financial market integration","score":0.9760000109672546},{"id":"https://openalex.org/keywords/dynamic-correlation","display_name":"dynamic correlation","score":0.796999990940094},{"id":"https://openalex.org/keywords/dynamic-conditional-correlation","display_name":"dynamic conditional correlation","score":0.8320000171661377},{"id":"https://openalex.org/keywords/stock-market","display_name":"stock market","score":0.675000011920929},{"id":"https://openalex.org/keywords/bond-market","display_name":"bond market","score":0.9980000257492065},{"id":"https://openalex.org/keywords/eu-enlargement","display_name":"EU enlargement","score":0.7549999952316284},{"id":"https://openalex.org/keywords/euro-area","display_name":"euro area","score":0.48500001430511475},{"id":"https://openalex.org/keywords/central-europe","display_name":"Central Europe","score":0.8420000076293945},{"id":"https://openalex.org/keywords/balkans","display_name":"Balkans","score":0.9319999814033508},{"id":"https://openalex.org/keywords/structural-breaks","display_name":"structural breaks","score":0.7459999918937683},{"id":"https://openalex.org/keywords/euro-adoption","display_name":"euro adoption","score":0.6830000281333923},{"id":"https://openalex.org/keywords/emu","display_name":"emu","score":0.5}],"concepts":[{"id":"https://openalex.org/C2910001868","wikidata":"https://www.wikidata.org/wiki/Q458","display_name":"European union","level":2,"score":0.7204955816268921},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6107504963874817},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5791782140731812},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.563376784324646},{"id":"https://openalex.org/C197142791","wikidata":"https://www.wikidata.org/wiki/Q540626","display_name":"Bond market","level":2,"score":0.4968262016773224},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.4547443389892578},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.4292055368423462},{"id":"https://openalex.org/C2993508850","wikidata":"https://www.wikidata.org/wiki/Q185441","display_name":"Eu countries","level":3,"score":0.42508774995803833},{"id":"https://openalex.org/C3019422483","wikidata":"https://www.wikidata.org/wiki/Q1646605","display_name":"Member states","level":3,"score":0.41240745782852173},{"id":"https://openalex.org/C186008389","wikidata":"https://www.wikidata.org/wiki/Q7625010","display_name":"Structural break","level":2,"score":0.4110134541988373},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3884057402610779},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.28685253858566284},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.1380671262741089},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.1320047378540039},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.11130/jei.2009.24.2.197","doi":"https://doi.org/10.11130/jei.2009.24.2.197","is_oa":true,"landing_page_url":"https://doi.org/10.11130/jei.2009.24.2.197","pdf_url":"https://www.e-jei.org/upload/D70W2883503V6491.pdf","source":{"id":"https://openalex.org/S2764651625","display_name":"Journal of Economic Integration","issn_l":"1225-651X","issn":["1225-651X","1976-5525"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","kci-registered","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319426","host_organization_name":"Sejong University","host_organization_lineage":["https://openalex.org/P4310319426"],"host_organization_lineage_names":["Sejong University"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Integration","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.720.5282","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.720.5282","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://users.uoa.gr/%7Edkenourg/proofs_J.Economic_Integration.pdf","raw_type":"text"},{"id":"mag:3124019057","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=956036","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:durham-repository.worktribe.com:1422256","doi":null,"is_oa":false,"landing_page_url":"https://durham-repository.worktribe.com/output/1422256","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal Article"},{"id":"pmh:oai:https://durham-repository.worktribe.com/:1422256","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/output/1422256","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"}],"best_oa_location":{"id":"doi:10.11130/jei.2009.24.2.197","doi":"https://doi.org/10.11130/jei.2009.24.2.197","is_oa":true,"landing_page_url":"https://doi.org/10.11130/jei.2009.24.2.197","pdf_url":"https://www.e-jei.org/upload/D70W2883503V6491.pdf","source":{"id":"https://openalex.org/S2764651625","display_name":"Journal of Economic Integration","issn_l":"1225-651X","issn":["1225-651X","1976-5525"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","kci-registered","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319426","host_organization_name":"Sejong University","host_organization_lineage":["https://openalex.org/P4310319426"],"host_organization_lineage_names":["Sejong University"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Integration","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320323149","display_name":"National and Kapodistrian University of Athens","ror":"https://ror.org/04gnjpq42"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2033237996.pdf","grobid_xml":"https://content.openalex.org/works/W2033237996.grobid-xml"},"referenced_works_count":46,"referenced_works":["https://openalex.org/W1513346191","https://openalex.org/W1596156668","https://openalex.org/W1727659491","https://openalex.org/W1898861205","https://openalex.org/W1972956294","https://openalex.org/W1975226499","https://openalex.org/W1994668489","https://openalex.org/W2000005098","https://openalex.org/W2013858579","https://openalex.org/W2018364810","https://openalex.org/W2025899806","https://openalex.org/W2027981622","https://openalex.org/W2040583530","https://openalex.org/W2055757786","https://openalex.org/W2056539411","https://openalex.org/W2057264374","https://openalex.org/W2063730222","https://openalex.org/W2066580768","https://openalex.org/W2075589973","https://openalex.org/W2077505670","https://openalex.org/W2089485270","https://openalex.org/W2110603299","https://openalex.org/W2111218596","https://openalex.org/W2112298479","https://openalex.org/W2120641249","https://openalex.org/W2150782613","https://openalex.org/W2151707609","https://openalex.org/W2153562738","https://openalex.org/W2260174629","https://openalex.org/W2606995895","https://openalex.org/W2953464030","https://openalex.org/W3023758731","https://openalex.org/W3089136439","https://openalex.org/W3121323861","https://openalex.org/W3121453214","https://openalex.org/W3122275744","https://openalex.org/W3122314864","https://openalex.org/W3122592482","https://openalex.org/W3123289511","https://openalex.org/W3123951588","https://openalex.org/W3125295699","https://openalex.org/W3125398105","https://openalex.org/W4388076254","https://openalex.org/W4388076604","https://openalex.org/W6629609266","https://openalex.org/W6659186079"],"related_works":["https://openalex.org/W3122858087","https://openalex.org/W239818126","https://openalex.org/W2189198539","https://openalex.org/W7113122754","https://openalex.org/W2057986543","https://openalex.org/W2025598077","https://openalex.org/W1552995848","https://openalex.org/W1563573113","https://openalex.org/W2135914673","https://openalex.org/W1542230150"],"abstract_inverted_index":{"This":[0],"paper":[1],"provides":[2],"evidence":[3],"of":[4,54,79,84,103,112],"integration":[5],"in":[6,29,76,115],"European":[7,32,98,119],"equity":[8],"and":[9,34,51,106,109,120],"bond":[10],"markets":[11,68],"over":[12],"the":[13,39,62,77,82,85,90,101,110,128,135],"period":[14,83],"January":[15],"2,":[16],"1997":[17],"to":[18,24,96,143],"October":[19],"1,":[20],"2006.Our":[21],"focus":[22],"is":[23,132],"examine":[25],"time-varying":[26],"correlation":[27,44],"dynamics":[28],"Euro-area,":[30],"Central":[31],"(CE)":[33],"Balkan":[35,91,121],"financial":[36,67],"markets,":[37],"modifying":[38],"asymmetric":[40],"generalized":[41],"dynamic":[42],"conditional":[43],"(AG-DCC)":[45],"model":[46],"developed":[47],"by":[48],"Cappiello,":[49],"Engle":[50],"Sheppard":[52],"(Journal":[53],"Financial":[55],"Econometrics,":[56],"2006).Using":[57],"structural":[58],"breaks,":[59],"we":[60],"identify":[61],"optimal":[63],"time":[64],"decay":[65],"where":[66],"share":[69],"highest":[70],"comovement.The":[71],"results":[72],"show":[73],"an":[74],"increase":[75],"level":[78],"dependence":[80],"during":[81],"internet":[86],"bubble":[87],"collapse":[88],"(2000),":[89,100],"countries":[92,114,122,139],"start":[93],"formally":[94],"discussions":[95],"join":[97],"Union":[99],"introduction":[102],"Euro":[104],"banknotes":[105],"coins":[107],"(2002)":[108],"entry":[111],"CE":[113,118],"EU":[116],"(2004).The":[117],"become":[123],"gradually":[124],"more":[125],"integrated":[126],"with":[127,134],"EMU":[129],"countries,":[130],"which":[131],"consistent":[133],"interpretation":[136],"that":[137],"these":[138],"may":[140],"be":[141],"expected":[142]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2020,"cited_by_count":4},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":2},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
