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dc.contributor.authorEiling, Esther
dc.contributor.authorGerard, Bruno
dc.contributor.authorRoon, Frans A. de
dc.date.accessioned2013-04-09T14:11:43Z
dc.date.available2013-04-09T14:11:43Z
dc.date.issued2012
dc.identifier.issn1573-692x (e-utg)
dc.identifier.urihttp://hdl.handle.net/11250/93838
dc.descriptionThis is the authors’ accepted and refereed manuscript to the article also published at www.ssrn.comno_NO
dc.description.abstractThis paper investigates whether Euro-zone equity returns are driven by country or industry effects over the 1990 to 2008 period. Using a style analysis approach, we find that before the introduction of the Euro country effects dominate, while industry effects prevail after 1999. This reversal at the aggregate level is driven mainly by countries that were least integrated in the EMU and world markets prior to the Euro launch. For markets with stronger economic linkages, such as Germany and France, industry effects dominate both in the nine years before and in the nine years after the introduction of the Euro.no_NO
dc.language.isoengno_NO
dc.publisherOxford University Pressno_NO
dc.subjectinternational financial marketsno_NO
dc.subjectstyle analysisno_NO
dc.subjectEMUno_NO
dc.subjectcurrency riskno_NO
dc.subjectfinancial marketno_NO
dc.titleEuro-zone equity returns: country versus industry effectsno_NO
dc.typeJournal articleno_NO
dc.typePeer reviewedno_NO
dc.source.pagenumber755-798no_NO
dc.source.volume16no_NO
dc.source.journalReview of Financeno_NO
dc.source.issue3no_NO
dc.identifier.doihttp://dx.doi.org/10.1093/rof/rfq034


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