European Financial Markets: The Effects of European Union Membership on Central and Eastern European Equity Markets

which influence financial markets in the new member states.

This study empirically explores and quantifies the effects of

EU accession on the risk and return of equity markets in eight

Central and Eastern European markets joining the EU in 2004.

The study also incorporates a review of how the influence of

macroeconomic variables and the level of integration with

global and European markets change as a result of

EU membership.

Ba...