European Equity Markets and Emu: Are the Differences between Countries Slowly Disappearing?

@inproceedings{Rouwenhorst1998EuropeanEM,
  title={European Equity Markets and Emu: Are the Differences between Countries Slowly Disappearing?},
  author={K. Geert Rouwenhorst},
  year={1998}
}
During the 1980s country effects have been larger than industry effects in the equity markets of Western Europe. This has continued to be the case for the EMU countries in the 1993-1998 period, despite the convergence of interest rates and the harmonization of fiscal and monet 

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