Relationship between government bond markets in EU countries

Levišauskaitė, Kristina; Aleknevičienė, Vilija; Aleknevičiūtė, Eglė

Use this url to cite publication: https://hdl.handle.net/20.500.12259/41135

Relationship between government bond markets in EU countries

Type of publication

Straipsnis konferencijos medžiagoje kitoje duomenų bazėje / Article in conference proceedings in other databases (P1c)

Author(s)

Author	Affiliation
Levišauskaitė, Kristina	Finansų katedra / Departmnet of Finances	LT
Aleknevičienė, Vilija	Žemės ūkio akademija / Agriculture Academy	LT
Aleknevičiūtė, Eglė	Finansų katedra / Departmnet of Finances	LT

Title

Relationship between government bond markets in EU countries

[en]

Is part of

Theoretical and applied economics. Bucharest : General Association of Economists from Romania, 2014, vol. 6 (595), suppl

Date Issued

Date
2014

Publisher

Bucharest : General Association of Economists from Romania

Is Referenced by

IDEAS

RePec

Extent

p. 40-56

URI

URI
http://store.ectap.ro/suplimente/International_Finance_and_Banking_Conference_FI_BA_2014.pdf
https://hdl.handle.net/20.500.12259/41135

Field of Science

Keywords (en)

Abstract (en)

This article is evaluating the relationship between government bond markets in EU countries in 1993-2013. The results show that government bond markets in EU countries during the research period were not as strongly related as they were expected to be leaving some place for benefiting from portfolio diversification. The biggest differences were obtained between the old and new EU member state government markets and also the ones that suffered major financial difficulties during the research period. Despite of that, some EU government bond market indices were almost linearly and statistically significantly related with each other, indicating that diversification between those markets could not be beneficial.