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Type of publication: research article
Type of publication (PDB): Straipsnis recenzuojamoje Lietuvos tarptautinės konferencijos medžiagoje / Article in peer-reviewed Lithuanian international conference proceedings (P1e)
Field of Science: Ekonomika / Economics (S004)
Author(s): Šakalytė, Jonė
Title: European stock exchange networks connections, structure and complexity
Is part of: Management horizons in changing economic environment: visions and challenges : 10th International Scientific Conference, Kaunas, Lithuania September 24-26, 2009. Kaunas : Vytauto Didžiojo universitetas, 2009
Extent: p. 881-889
Date: 2009
Keywords: Stock exchange;Networks;Structural analysis
ISBN: 9789955125044
Abstract: Economic integration and political liberalization of capital flows – all this made financial market institutions from different countries very much dependent on each other. Processes in separate financial markets are influenced by similar external factors; the competition level between institutions is increasing not only in local but in global level as well. Although there are quite many analysis and research on integration of financial markets and its institutions, only few of them analyze formal connections between institutions in financial sector. Anyway their scope is limited being based on one type of connections. Most of the researchers as well as practitioners agree that connections between stock exchanges form networks. Despite this, there is a lack of detailed empirical analysis about stock exchange networks, their connections, structures and complexity. One of the key researches in the field is made by I. Hasan and H. Schmiedel (2003) who analyzed and revealed the peculiarities of connection formation in stock exchange industry. Their findings show that networks in European stock exchange industry increased their efficiency by lowering exchanges’ costs and increasing financial flows. Since then the quantity and quality of stock exchange connection have changed. [...]
Affiliation(s): Finansų katedra
Vytauto Didžiojo universitetas
Appears in Collections:Universiteto mokslo publikacijos / University Research Publications

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