Next Article in Journal
A Model of Product Life Cycle Cost Management Based on the Example of the Spartan Multimedia Shooting Training System
Previous Article in Journal
Impact of Changes to Procedures on the Evaluation of the Effectiveness of Forms of Professional Activation in Poland
Article

The Financial Integration in the European Capital Market Using a Clustering Approach on Financial Data

by 1,*,† and 2,†
1
Faculty of Informatics and Statistics, Prague University of Economics and Business, 130 67 Prague, Czech Republic
2
Faculty of Economics, Technical University of Košice, 040 01 Košice, Slovakia
*
Author to whom correspondence should be addressed.
These authors contributed equally to this work.
Received: 8 April 2021 / Revised: 28 May 2021 / Accepted: 2 June 2021 / Published: 7 June 2021
In 2009, when the effects of the economic crisis were fully felt, countries around the world experienced negative impacts, starting from the USA, where the crisis began, through Europe to Asia. Economic cycles, fluctuations, and crises are a common part of the financial market, for example, the crisis in 1929 and the crisis in 2000. The recovery of the economy is a key factor in this process. Due to the increasingly powerful process of globalization and the growth of the interconnectedness of individual economies to each other, not to mention an increasing pressure on the formation of integration clusters, the creation and emergence of new financial crises with supranational and transnational character are highly likely in the future. It is possible that a one-day crisis reaches and expands with global reach, but it is important for us to be prepared through effective tools. In this article, we will be dealing with financial indicators within the European Union that define and create the capital market. Based on cluster analysis, we create groups of countries that are similar to each other. We determine which countries are the leaders and which, on the contrary, lag behind the rest of Europe. View Full-Text
Keywords: financial market; integration; capital market union; financial stability financial market; integration; capital market union; financial stability
Show Figures

Figure 1

MDPI and ACS Style

Danko, J.; Suchý, E. The Financial Integration in the European Capital Market Using a Clustering Approach on Financial Data. Economies 2021, 9, 89. https://0-doi-org.brum.beds.ac.uk/10.3390/economies9020089

AMA Style

Danko J, Suchý E. The Financial Integration in the European Capital Market Using a Clustering Approach on Financial Data. Economies. 2021; 9(2):89. https://0-doi-org.brum.beds.ac.uk/10.3390/economies9020089

Chicago/Turabian Style

Danko, Jakub, and Erik Suchý. 2021. "The Financial Integration in the European Capital Market Using a Clustering Approach on Financial Data" Economies 9, no. 2: 89. https://0-doi-org.brum.beds.ac.uk/10.3390/economies9020089

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop