Aspects of market integration in a transition economy

Julius Horvath; Katarina Lukacsy

doi:10.1007/978-3-642-16274-9_9

Aspects of market integration in a transition economy

Julius Horvath^*, Katarina Lukacsy

^*Corresponding author for this work

Central European University

Research output: Contribution to Book/Report types › Chapter › peer-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 language	English
Title of host publication	Financial Market Integration and Growth
Subtitle of host publication	Structural Change and Economic Dynamics in the European Union
Editors	Paul J.J. Welfens, Cillian Ryan
Publisher	Springer Berlin Heidelberg
Pages	311-337
Number of pages	27
ISBN (Electronic)	9783642162749
ISBN (Print)	9783642162732, 9783642423659
DOIs	https://doi.org/10.1007/978-3-642-16274-9_9
State	Published - 2011

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Aspects of market integration in a transition economy

Abstract (may include machine translation)

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