期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2013
卷号：2
期号：2
页码：104-108
DOI：10.5923/j.ijfa.20130202.09
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：In this paper I compared the degree of financial market integration in the EU as well as in the ASEAN+3. The main weaknesses of the ASEAN stock markets are their fragmentation and low share of foreign stocks among the listed companies. This research has found out that the sigma convergence indicator confirms that the ASEAN+3 countries aren’t prepared for a monetary union. The eurozone and non-eurozone financial markets had been more and more integrated inside each subgroup between 1998 and 2008. In general since 2008 the dichotomy has been increasing between the two mentioned groups and inside the EU.
