Contemporary Issues of Economic and Financial Integration:

A Collection of Empirical Work

Edited by Panagiotis Andrikopoulos

ISBN: 978-960-6672-57-6, 430 pages

First published in 2009 by ATINER

Price: Paperback: 50€ (It includes Shipping and Handling) Hardcover: 90€ (It includes Shipping and Handling)

Electronic copy: 30€

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Table of Contents

List of Contributors
1.	Introduction Panagiotis Andrikopoulos	1
Part I: Economic Integration, Foreign Direct Investments and Macroeconomic Stimulus
2.	Financial Globalization, Convergence and Growth Delfim G. Neto and Francisco J. Veiga	11
3.	Financial Globalization of FDI and Economic Growth: The OECD Case Burcu Türkan and I. Hakan Yetkiner	41
4.	Balkan Disunity and the European Union Eleftherios N. Botsas	59
5.	Some Insights about the Foreign Direct Investment (FDI) in Romania as Compared to some other New EU Member Countries of the Central and Eastern Europe Dalina Andrei	73
6.	Foreign Direct Investment and Growth in Transition Economies: New Evidence from Central and Southeastern Europe Miroslav Mateev, Nikolay Ivanov and Eftim Eftimov	89
7.	The Impact of Exchange Rate Volatility on Inward Foreign Direct Investment in Malaysia Mazila Md-Yusuf	117
Part II: Financial Integration, Capital Markets and Asset Pricing
8.	Co-movement and Integration among Developed European Equity Markets Sarantis Tsiaplias	133
9.	International Capital Market Integration David Morelli	149
10.	Volatility Transmission between the CDS, Equity and Bond Markets Lei Meng, Owain Ap Gwilym and José Varas	159
11.	Price Interaction between UK Covered Warrants and the Underlying Shares Chia-ying Chan and Christian de Peretti	183
12.	The Theory of the Liquidity Preference, Monetary Policy and the Natural Rate of Interest Abe T. Aburachis	205

13.	Independent Component Analysis for Extracting Underlying Risk Factors. An Empirical Contrast of the Arbitrage Pricing Theory on the Mexican Stock Exchange Rogelio Ladrón de Guevara Cortésand Salvador Torra Porras	221
14.	A Note on Stock Price Reaction Following Large One-Day Price Changes: U.K. Evidence Khelifa Mazouz, Nathan L. Joseph and Joulmer Joulmer	243
15.	Once Upon a Time: The Day-of-the-Week Effect in German Stock Market Returns Jörg Prokop	259
16.	Influences of the Oil Prices, Exchange Rates and Inflation on the Stock Markets Indices: An Empirical Research on Selected Countries Turgut Özkan and Joëlle Randriamiarana	279
17.	Inflation Persistence and DSGE Models: An Application on Romanian Economy Petre Caraiani	299
18.	An Early Warning System Model of Indonesian Financial Crisis: A Non-Parametric Approach Muhammad Handry Imansyah and Anggito Abimanyu	309
Part III: Economic Integration, Companies and Business Environment
19.	Financial and Operating Performance of European Firms and Introduction of the Euro Sergiy Rakhmanyil and Ayse Yuce	337
20.	Privatization and Financial Markets in European Union Ioannis N. Kallianiotis and Brandon Dragone	355
21.	The Logic of Merger and Acquisition Pricing Rainer Lenz	371
22.	The Pass-through from Market Interest Rates to Retail Bank Rates in Germany in Recent Years Sophia Mueller-Spahn	389
23.	Do Foreign Banks Raise the Risk of Foreign Currency Risk taking in Central and Eastern Europe? Peter Haiss, Andreas Paulhart and Wolfgang Rainer	407