Peña, Juan IgnacioRuiz Ortega, Esther2009-07-132010-03-092009-07-132010-03-091995European journal of finance, 1995, vol. 1, n. 4, p. 367-3821466-4364https://hdl.handle.net/10016/4703International financial integration effects on the Spanish stock market are studied, both for the conditional mean and conditional variance. New institutional regulations in Spain are taken into account and their efficiency consequences are addressed. Results suggest an increasing international integration but nontrivial opportunities for financial diversification may still be relevant.text/plainapplication/pdfeng©RoutledgeFinancial integrationMarket reformsStochastic volatilityresearch articleEstadística10.1080/13518479500000025open access3674382European journal of finance1