- Albulescu, C., Goyeau, D., Tiwari, A. (2015), Contagion and dynamic correlation of the main european stock index futures markets: A time-frequency approach, Procedia Economics, and Finance, Vol. 20, pp. 19-27. https://doi.org/10.1016/ S2212-5671(15)00042-8.
Paper not yet in RePEc: Add citation now
Aliu, F., Krasniqi, B., Knapkova, A., Aliu, F. (2019), Interdependence and risk comparison of Slovak, Hungarian and Polish stock markets: Policy and managerial implications, Acta Oeconomica, Vol. 69, No. 2, pp. 273-287. https://doi. org/10.1556/032.2019.69.2.6. Aliu, F., Nuhiu, A., Krasniqi, B., Aliu, F. (2020), Modeling the optimal portfolio: the case of the largest european stock exchanges, Comparative Economic Research. Central and Eastern Europe, Vol. 23, No. 2, pp. 41-51. https://doi. org/10.18778/1508-2008.23.11.
- Assessing the diversification risk of a single equity market 13 Espinosa-Méndez, C., Gorigoitía, J., Vieito, J. (2020), Stock exchange mergers: a dynamic correlation analysis on Euronext, Portuguese Economic Journal, Vol. 19, No. 2, pp. 81-98. https://doi.org/10.1007/s10258-019-00160-5.
Paper not yet in RePEc: Add citation now
Beck, K.L, Perfect, S.B., Paterson, P.P. (1996), The role of alternative methodology on the relation between portfolio size and diversification, Financial Review, Vol. 31, No. 2, pp. 381-406. https://doi.org/10.1111/j.1540-6288.1996.tb00878.x Berrill, J., Kearney, C. (2010), Firm-level internationalisation and the home bias puzzle, Journal of Economics and Business, Vol. 62, No. 4, pp. 235-256. https://doi.org/10.1016/j.jeconbus.2010.02.002.
Bertero, E., Mayer, C. (1990), Structure and performance: global interdependence of stock markets around the crash of October 1987*, European Economic Review, Vol. 34, No. 6, pp. 1155–1180. https://doi.org/10.1016/00142921 (90)90073-8.
Bird, R., Tippett, M. (1986), Note – naive diversification and portfolio risk – a note, Management Science, Vol. 32, No. 2, pp. 244-251. https://doi.org/10.1287/mnsc.32.2.244.
Bloomfield, T., Leftwich, R., Long J.B. Jr. (1977), Portfolio strategies and performance, Journal of Financial Economics, Vol. 5, No. 2, pp. 201-218. https://doi.org/10.1016/0304-405X(77)90018-6.
Brands, S., Gallagher, D.R. (2005), Portfolio selection, diversification, and fund-of-funds: a note, Accounting & Finance, Vol.
- De Groen, W.P. (2011), A closer look at Dexia: the case of misleading capital ratios. CEPS, retrieved from https://www.ceps.eu/ ceps-publications/closer-look-dexia-case-misleading-capital-ratios/ [11th July 2020].
Paper not yet in RePEc: Add citation now
Dorodnykh, E. (2014), Stock market integration: an international perspective, Palgrave Pivot, London. https://doi. org/10.1057/9781137381705.
Dwyer, G., Jr., Hafer, R. (1988, Nov/Dec), Are national stock markets linked? Review, pp. 4-15, retrieved from https://fraser.
Espinosa-Méndez, C., Gorigoitía, J., Vieito, J. (2017), Is the virtual integration of financial markets beneficial in emerging markets? Evidence from MILA, Emerging Markets Finance and Trade, Vol. 53, No. 10, pp. 2279-2302. https://doi.org/10.10 80/1540496X.2017.1307101.
Eun, Ch. S., Shim, S. (1989), International transmission of stock market movements, Journal of Financial and Quantitative Analysis, Vol. 24, No. 2, pp. 241-256. https://doi.org/10.2307/2330774.
- Euronext (2021), Stock exchange in Europe, operating markets in Amsterdam, Brussels, Dublin, Lisbon, London, Milan, Oslo and Paris, retrieved from https://www.euronext.com/en [30th May 2021].
Paper not yet in RePEc: Add citation now
Fama, E.F. (1968), Risk return and equilibrium: some clarifying comments, The Journal of Finance, Vol. 23, No. 1, pp. 29-40. https://doi.org/10.1111/j.1540-6261.1968.tb02996.x. Fielitz, B.D. (1974), Indirect versus direct diversification. Financial Management, Vol. 3, No. Winter, pp. 54-62. https://doi. org/10.2307/3664930.
- Grubel, H.G. (1968), Internationally diversified portfolios: welfare gains and capital flows, The American Economic Review Vol.
Paper not yet in RePEc: Add citation now
- Haas, R., Horen, N. (2012), International shock transmission after the lehman brothers collapse: evidence from syndicated lending, American Economic Review, Vol. 102, No. 3, pp. 231-237, retrieved from https://www.jstor.org/stable/23245534.
Paper not yet in RePEc: Add citation now
Jennings, E.H. (1971), An empirical analysis of some aspects of common stock diversification, Journal of Financial and Quantitative Analysis, Vol. 6, No. 2, pp. 797-813. http://dx.doi.org/10.2307/2329715.
Johnson, K.H., Shannon, D.S. (1974), A note on diversification and the reduction of dispersion, Journal of Financial Economics, Vol. 1, No. 4, pp. 365-372. http://dx.doi.org/10.1016/0304-405X(74)90015-4.
Karim, B.A., Jais, M., Karim, S.A. (2011), The subprime crisis and stock index futures markets integration, The Journal of Risk Finance, Vol. 12, No. 5, pp. 400-408. http://dx.doi.org/10.1108/15265941111176136.
Klemkosky, R.C., Martin, J.D. (1975), The effect of market risk on portfolio diversification, The Journal of Finance, Vol. 30, No. 1, pp. 147-154. http://dx.doi.org/10.1111/j.1540-6261.1975.tb03166.x. Kokkoris, I., Olivares-Caminal, R. (2008), Lessons from the recent stock exchange merger activity, Journal of Competition Law and Economics, Vol. 4, No. 3, pp. 837-869. https://doi.org/10.1093/joclec/nhn002.
- Lowenfeld, H. (1909), Investment, an exact science, London: The Financial Review of Reviews.
Paper not yet in RePEc: Add citation now
- Markowitz, H. (1952), Portfolio selection, The Journal of Finance, Vol. 7, No. 1, pp. 77-91. http://dx.doi. org/10.1111/j.1540-6261.1952.tb01525.x. Markowitz, H. (1959), Portfolio selection: efficient diversification of investments, Cowles Foundation Monograph No. 16, John Wiley & Sons Inc, New York.
Paper not yet in RePEc: Add citation now
McAndrews, J., Stefanadis, C. (2002), The consolidation of European stock exchanges, Current Issues in Economics and Finance, Vol. 8, No. 6, pp. 1-6.
Mellado, C., Escobari, D. (2015), Virtual integration of financial markets: dynamic correlation analysis of the creation of the Latin American Integrated Market, Applied Economics, Vol. 47, No. 19, pp. 1956-1971. https://doi.org/10.1080/00036846 .2014.1002892.
- MILA. (2021), The Latin American integrated market, retrieved from https://mercadomila.com/en/who-we-are/our-history/ [28th May 2021].
Paper not yet in RePEc: Add citation now
Morana, C., Beltratti, A. (2008), Comovements in international stock markets, Journal of International Financial Markets, Institutions, and Money, Vol. 18, No. 1, pp. 31-45. http://dx.doi.org/10.1016/j.intfin.2006.05.001.
- Nasdaq Baltic-NB (2021), Nasdaq Baltic exchanges, retrieved from https://nasdaqbaltic.com [28th May 2021].
Paper not yet in RePEc: Add citation now
Nielsson, U. (2009), Stock exchange merger and liquidity: The case of Euronext, Journal of Financial Markets, Vol. 12, No. 2, pp. 229-267. https://doi.org/10.1016/j.finmar.2008.07.002.
Oehler, A., Wendt, S., Horn, M. (2017), Are investors really home biased when investing at home? Research in International Business and Finance, Vol. 40, No. April, pp. 52-60. http://dx.doi.org/10.1016/j.ribaf.2016.12.003.
- SEE Link (2021), SEE link of Bulgaria, Macedonia and Zagreb stock exchanges, retrieved from http://www.see-link.net [30th May 2021].
Paper not yet in RePEc: Add citation now
Shawky, H.A., Smith, D.M. (2005), Optimal number of stock holdings in mutual fund portfolios based on market performance, The Financial Review, Vol. 40, No. 4, pp. 481-495. http://dx.doi.org/10.1111/j.1540-6288.2005.00120.x. Shiller, R. (2001), Irrational exuberance, Broadway Books, New York City.
Statman, M. (1987), How many stocks make a diversified Portfolio? Journal of Financial and Quantitative Analysis, Vol. 22, No. 3, pp. 353-363. http://dx.doi.org/10.2307/2330969.
- stlouisfed.org/title/820/item/24535/toc/499892 [19th July 2020].
Paper not yet in RePEc: Add citation now
Syllignakis, M., Kouretas, G. (2011), Dynamic correlation analysis of financial contagion: Evidence from the Central and Eastern European markets, International Review of Economics & Finance, Vol. 20, No. 4, pp. 717-732. http://dx.doi.org/10.1016/j. iref.2011.01.006.
- Tamakoshi, G., Hamori, S. (2012), On the time-varying linkages among the London interbank offer rates for major European currencies, International Journal of Financial Research, Vol. 4, No. 1, pp. 46-53. http://dx.doi.org/10.5430/ijfr.v4n1p46. A. Nuhiu et al. APPENDIX
Paper not yet in RePEc: Add citation now