Çevik, Emrah İsmailKorkmaz, TurhanÇevik, Emre2022-05-112022-05-1120171331-677X1848-9664https://doi.org/10.1080/1331677X.2017.1305774https://hdl.handle.net/20.500.11776/7770The aim of this study is to analyse the presence of a causal link among financial markets of Central and Eastern Europe (CEE) countries by adopting an asymmetric causality test. The standard causality test results suggest a causal relation running from the Czech Republic to Poland. Also, the Poland stock market is found to be a Granger cause of Turkey stock markets. Asymmetric causality test results indicate only a causal link going from the Czech Republic to Hungary and Poland. In addition, the presence of financial integration between Germany and CEE equity markets cannot be determined.en10.1080/1331677X.2017.1305774info:eu-repo/semantics/openAccessStock marketsfinancial integrationcausalityCEE equity marketsUnit-Root HypothesisOil-Price ShockStock MarketsGreat CrashArticle301381393Q2WOS:0004258549000012-s2.0-85017166725Q2