Research on the Integration of Security Markets under the Eurozone Background

Author: Sun Wenxiang
Publisher:
Publish Date: 2004-12-01
Features: This book provides a detailed analysis of the mechanisms through which European monetary integration affects securities market integration from both direct and indirect perspectives, systematically studying the impact of monetary integration on securities market integration and laying a solid foundation for further research in this area. Based on the mechanisms of European monetary integration's impact on securities market integration, the book derives a quantitative analysis model to measure the direction and extent of various factors' influence on securities market integration with relative precision, advancing beyond qualitative analysis and making a valuable attempt at quantitative research on related issues. Additionally, the book draws some meaningful conclusions from empirical tests of European securities market integration using relevant quantitative models, offering a better reference for a deeper understanding of the euro and the process of European securities market integration. In terms of research methodology, the book also demonstrates bold attempts. The author extensively reads both Chinese and foreign literature, fully absorbing and drawing on relevant research achievements at home and abroad, and proposes an indicator system to measure the degree of securities market integration, aiming to provide a comprehensive and objective evaluation from different perspectives. The book conducts an in-depth analysis of the impact mechanisms of monetary integration on securities market integration from both direct and indirect aspects and establishes corresponding quantitative analysis models. It should be said that the indicator system is still somewhat rough, and the quantitative models are not perfect. However, this indeed reflects the author's comprehensive grasp of the issue and their deep thinking on related problems, which is highly commendable.