L’INTEGRAZIONE DEI MERCATI FINANZIARI ASPETTI TEORICI DI PREDISPOSIZIONE DI UN MODELLO STRUTTURALE INTEGRATO E ANALISI DI CORRELAZIONE TRA I PRINCIPALI MERCATI EUROPEI

[Autom. eng. transl.] The analysis of the process of evaluation of the phenomenon of integration between financial markets requires the development of an approach aimed at identifying the theoretical implications related to the possibility of configuring the new structure and, at the same time, to empirically find the existence of an effective degree of correlation between multiple markets. To this end, a theoretical investigation is presented on the variables that contribute to the formulation of an integrated financial market model and an empirical verification of the degree of "uniformity" of the different productive sectors represented in the main financial markets of the European area. The integration between the theoretical model and empirical evidence, in fact, tends to verify the degree of the phenomenon that could be defined as the "self-integration" of the financial markets through processes of homogenization of the operating structures designed to favor the circulation of flows, although in the absence at present of centralized control bodies and / or even simply clearing.