Aspects of market integration in a transition economy

Julius Horvath*, Katarina Lukacsy

*Corresponding author for this work

    Research output: Contribution to Book/Report typesChapterpeer-review

    Abstract (may include machine translation)

    Within an international context, market integration studies are related - among others - to issues of the law of one price, dispersion of prices, pricing-to-market, and purchasing power parity. The most important conclusion one can draw from this work is that some types of friction provide considerable barriers to the integration of markets within a nation as well as across nations. A number of studies found that the speed of price convergence depends upon geographical distance, information costs, good and location specifics, currency fluctuations and national political borders.

    Original languageEnglish
    Title of host publicationFinancial Market Integration and Growth
    Subtitle of host publicationStructural Change and Economic Dynamics in the European Union
    EditorsPaul J.J. Welfens, Cillian Ryan
    PublisherSpringer Berlin Heidelberg
    Pages311-337
    Number of pages27
    ISBN (Electronic)9783642162749
    ISBN (Print)9783642162732, 9783642423659
    DOIs
    StatePublished - 2011

    Fingerprint

    Dive into the research topics of 'Aspects of market integration in a transition economy'. Together they form a unique fingerprint.

    Cite this