Integrace finančních trhů v kontextu externích šoků

Abstract

The main objective of this thesis is to analyze the dynamics of financial market integration in selected European countries, specifically the Czech Republic, Poland and Germany, focusing on the stock and bond market segments during the period 2005–2025, in the context of global shocks, namely the global financial crisis and the Covid-19 pandemic. The analysis applies measures of financial integration based on prices and events, namely β-convergence, σ-convergence, and γ-convergence. For the purpose of this thesis, time series of national stock market indices and 10-year government bond yields of the selected European countries are used.