Are Eurozone Fixed Income Markets Integrated? An Analysis Based on Wavelet Multiple Correlation and Cross Correlation

<table>Wavelet multiple cross-correlations for the Eurozone Bond markets at different time scales (with France acting as potential leader/follower). The coloured lines correspond to the upper and lower bounds of the 95% confidence interval.</table>

Economics Research International

fig2

Figure 2

Figure 2: Are Eurozone Fixed Income Markets Integrated? An Analysis Based on Wavelet Multiple Correlation and Cross Correlation 