Abstract
The current paper investigates how has been evolving the integration of the Greek stock market to the major world stock exchanges for a period spanning from the early 2000s till the middle of 2013. The idea of wavelet coherency is adopted in the analysis in order to identify linkages and co-movement patterns that are otherwise not that obvious. It is further investigated if the detected relationships are of short or of long-run character. Also particular attention is paid to the co-movement patterns during the period of the 2007-2009 financial crisis as well as during the period of the Eurozone debt crisis. In addition, conclusions on presence of contagion and transmission of crises are drawn.
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