[Adam, K., Jappelli, T., Menichini, A., Padula, M. and Pagano, M. (2002). 2Analyse, compare and apply alternative indicators and monitoring methodologies to measure the evolution of capital market integration in the European Union. CSEF. European Commission, 1-95.]Search in Google Scholar
[Babetskii, I., Komarek, L. Komarkova, Z. (2007). Financial integration of stock markets among new EU member states and the euro area. Finance a Uver-Czech Journal of Economics and Finance, 57 (7-8), 341-362]Search in Google Scholar
[Baele, L., Ferrando, A., Hördahl, P., Krylova E. and Monnet, C. (2004). Measuring fi nancial integration in the euro area. European Central Bank, Occasional Paper, No.14.]Search in Google Scholar
[Chinn, M., and Ito, H. (2008). A New Measure of Financial Openness. Journal of Comparative Policy Analysis, 10 (3), 309-322.10.1080/13876980802231123]Search in Google Scholar
[European Commission (2015a). Action Plan on Building a Capital Markets Union. Retrived October 28, 2015, from: http://ec.europa.eu/finance/capital-markets-union/docs/building-cmu-actionplan_en.pdf.]Search in Google Scholar
[European Commission (2015b). Intra-EU trade in goods - recent trends. Retrived Ocotber 25, 2015, from: http://ec.europa.eu/eurostat/statistics-explained/index.php/Intra-EU_trade_in_goods_-_recent_trends.]Search in Google Scholar
[Eurostat, Economy and fi nance. Retrived October 30, 2015, from http://ec.europa.eu/eurostat.]Search in Google Scholar
[Gehringer, A. (2013). Growth, productivity and capital accumulation: The effects of fi nancial liberalization in the case of European integration , International Review Of Economics & Finance, 25, 291-309.10.1016/j.iref.2012.07.015]Search in Google Scholar
[Grossman E. and Leblond, P. (2011). European Financial Integration: Finally the Great Leap Forward?. Journal of Common Market Studies, 49 (2): 413-435.]Search in Google Scholar
[Guha, P., Daga, S., Gulati, R., Bhupal, G. and Oak, H. (2004). International Financial Markets Integration or Segmentation: A Case Study of Equity Markets. EconWPA Working Paper, No. 0412013.10.2139/ssrn.644342]Search in Google Scholar
[Hsiao, C. (2003). Analysis of panel data, Cambridge; Cambridge University Press, 2nd edition. UK.]Search in Google Scholar
[Globan, T. (2014). Testing the ‘trilemma’ in post-transition Europe - a new empirical measure of capital mobility. Post-Communist Economies, 26 (4), 459-476.10.1080/14631377.2014.964459]Search in Google Scholar
[Kalemli-Ozcan, S. and Manganelli, S. (2008). Financial Integration and Risk Sharing: The Role of the Monetary Union in 5th European Central Banking Conference on The Euro at Ten: Lessons and Challenges, Frankfurt: ECB.]Search in Google Scholar
[König, J and Ohr, R. (2013). Different Efforts in European Economic Integration: Implications of the EU Index. Journal of Common Market Studies, 51 (6), 1074-1090.10.1111/jcms.12058]Search in Google Scholar
[Kucerova, Z. (2009). Measuring Financial Integration in Central Europe Through International Investment Positions. Eastern European Economics, 47 (4) 25-41.]Search in Google Scholar
[Lane, P. R., and Milesi-Ferretti, G. M. (2007). The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970-2004. Journal of International Economics, 73(2), 223-50.10.1016/j.jinteco.2007.02.003]Search in Google Scholar
[Lane, P. R., and Milesi-Ferretti, G. M. (2003). International Financial Integration. IMF Staff Papers, 50 (Special Issue), 82-113.10.2307/4149916]Search in Google Scholar
[Medve-Bálint, G. (2014). The Role of the EU in Shaping FDI Flows to East Central Europe. Journal of Common Market Studies, 52 (1), 35-51.10.1111/jcms.12077]Search in Google Scholar
[OECD (2015). FDI Regulatory Restrictiveness Index. Retrived Novemver 18, 2015, from: http://stats.oecd.org/Index.aspx?datasetcode=FDIINDEX#10.1787/9789264232907-graph20-en]Search in Google Scholar
[Oxelheim, L. (1990). International Financial Integration. Springer Verlag: Berlin.10.1007/978-3-642-61293-0]Search in Google Scholar
[Pungulescu C. (2013). Measuring fi nancial market integration in the European Union: EU15 vs. New Member States. Emerging Markets Review, 17, 106-124.10.1016/j.ememar.2013.08.006]Search in Google Scholar
[Quinn, D., Schindler, M. and Toyoda, A.M. (2011). Assessing Measures of Financial Openness and Integration. IMF Economic Review, 3, 488-522. doi:10.1057/imfer.2011.18]Search in Google Scholar
[Stavárek, D., Řepková, I. and Gajdošová, K. (2012). Theory of fi nancial integration and achievements in the European Union. In Matoušek, R., Stavárek, D. (eds.) Financial Integration in the European Union. Routledge Studies in European Economy. London: Routledge.]Search in Google Scholar
[Verbeek, M. (2008). A guide to modern econometrics. 3rdEdition. John Wiley&Sons, Ltd: New York.]Search in Google Scholar
[Wooldridge, J. M. (2002). Econometric Analysis of Cross Section and Panel Data. MIT Press:.Cambridge.]Search in Google Scholar
[World Bank Development Indicators. Retrived November 28, from: http://databank.worldbank.org/data/views/reports/tableview.aspx.]Search in Google Scholar