"1"^^ . "[D2D8AFAEEB18]" . . "2012-09-11+02:00"^^ . . "Karvin\u00E1" . . "978-80-7248-779-0" . . . "The role of foreign trade in the process of financial integration: the case of European Union countries" . . "The importance of monetary integration is increasing and the adoption of a common currency has to be accompanied by financial market integration. Using a data sample of EU member countries over the period 1994-2008 we assess the impact of the individual factors which dominated the process of financial market integration in the selected region. The empirical model is estimated by using the econometric method of panel regression. Because of the existence of reverse causality, i.e. the existence of simultaneity between the dependent variable and one of the explanatory variables (foreign trade) of the %22basic%22 model, another equation was added into the model and this simultaneous equations model was then estimated by using the instrumental variables method and the two stage least squares method (the \u201Cnew\u201D model). We conclude that foreign trade has a positive impact on the financial integration and that increasing financial integration leads to more intensive foreign trade among these countries. However, world trade (and thus financial integration) can be undermined by limiting trade finance as a result of tightening financial regulation and supervision after a decade of loose regulation and supervision." . "Opava" . . . "financial integration, foreign trade, international investment position"@en . "RIV/61989100:27510/12:86084335" . . "RIV/61989100:27510/12:86084335!RIV13-GA0-27510___" . "6"^^ . . . . . "Slezsk\u00E1 univerzita v Opav\u011B" . . "P(GAP403/11/2073)" . . "The role of foreign trade in the process of financial integration: the case of European Union countries" . . "166000" . "The role of foreign trade in the process of financial integration: the case of European Union countries"@en . "Proceedings of 30th International Conference Mathematical Methods in Economics : 11-13 September 2012, Karvin\u00E1, Czech Republic" . "The importance of monetary integration is increasing and the adoption of a common currency has to be accompanied by financial market integration. Using a data sample of EU member countries over the period 1994-2008 we assess the impact of the individual factors which dominated the process of financial market integration in the selected region. The empirical model is estimated by using the econometric method of panel regression. Because of the existence of reverse causality, i.e. the existence of simultaneity between the dependent variable and one of the explanatory variables (foreign trade) of the %22basic%22 model, another equation was added into the model and this simultaneous equations model was then estimated by using the instrumental variables method and the two stage least squares method (the \u201Cnew\u201D model). We conclude that foreign trade has a positive impact on the financial integration and that increasing financial integration leads to more intensive foreign trade among these countries. However, world trade (and thus financial integration) can be undermined by limiting trade finance as a result of tightening financial regulation and supervision after a decade of loose regulation and supervision."@en . . "Ku\u010Derov\u00E1, Zuzana" . "27510" . "The role of foreign trade in the process of financial integration: the case of European Union countries"@en . "1"^^ .