id	sid	tid	token	lemma	pos
ajbmeb-3035	1	1	american	american	PROPN
ajbmeb-3035	1	2	journal	journal	PROPN
ajbmeb-3035	1	3	of	of	ADP
ajbmeb-3035	1	4	business	business	NOUN
ajbmeb-3035	1	5	management	management	NOUN
ajbmeb-3035	1	6	,	,	PUNCT
ajbmeb-3035	1	7	economics	economic	NOUN
ajbmeb-3035	1	8	and	and	CCONJ
ajbmeb-3035	1	9	banking	banking	NOUN
ajbmeb-3035	1	10	issn	issn	PROPN
ajbmeb-3035	1	11	(	(	PUNCT
ajbmeb-3035	1	12	e	e	NOUN
ajbmeb-3035	1	13	):	):	PUNCT
ajbmeb-3035	1	14	2832	2832	NUM
ajbmeb-3035	1	15	-	-	SYM
ajbmeb-3035	1	16	8078	8078	NUM
ajbmeb-3035	1	17	volume	volume	NOUN
ajbmeb-3035	1	18	37	37	NUM
ajbmeb-3035	1	19	,	,	PUNCT
ajbmeb-3035	1	20	june	june	PROPN
ajbmeb-3035	1	21	2025	2025	NUM
ajbmeb-3035	1	22	p	p	NOUN
ajbmeb-3035	1	23	a	a	DET
ajbmeb-3035	1	24	g	g	NOUN
ajbmeb-3035	1	25	e	e	NOUN
ajbmeb-3035	1	26	|	|	NOUN
ajbmeb-3035	1	27	174	174	NUM
ajbmeb-3035	1	28	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-3035	1	29	the	the	DET
ajbmeb-3035	1	30	formation	formation	NOUN
ajbmeb-3035	1	31	of	of	ADP
ajbmeb-3035	1	32	the	the	DET
ajbmeb-3035	1	33	eurodollar	eurodollar	PROPN
ajbmeb-3035	1	34	market	market	NOUN
ajbmeb-3035	1	35	(	(	PUNCT
ajbmeb-3035	1	36	euromarket	euromarket	NOUN
ajbmeb-3035	1	37	)	)	PUNCT
ajbmeb-3035	1	38	and	and	CCONJ
ajbmeb-3035	1	39	its	its	PRON
ajbmeb-3035	1	40	impact	impact	NOUN
ajbmeb-3035	1	41	on	on	ADP
ajbmeb-3035	1	42	financial	financial	ADJ
ajbmeb-3035	1	43	integration	integration	NOUN
ajbmeb-3035	1	44	processes	process	NOUN
ajbmeb-3035	1	45	in	in	ADP
ajbmeb-3035	1	46	the	the	DET
ajbmeb-3035	1	47	eu	eu	PROPN
ajbmeb-3035	1	48	alimardonov	alimardonov	PROPN
ajbmeb-3035	1	49	elshod	elshod	PROPN
ajbmeb-3035	1	50	dilshodovich	dilshodovich	PROPN
ajbmeb-3035	1	51	professor	professor	NOUN
ajbmeb-3035	1	52	of	of	ADP
ajbmeb-3035	1	53	the	the	DET
ajbmeb-3035	1	54	“	"	PUNCT
ajbmeb-3035	1	55	international	international	ADJ
ajbmeb-3035	1	56	finance	finance	NOUN
ajbmeb-3035	1	57	”	"	PUNCT
ajbmeb-3035	1	58	department	department	NOUN
ajbmeb-3035	1	59	at	at	ADP
ajbmeb-3035	1	60	tashkent	tashkent	PROPN
ajbmeb-3035	1	61	state	state	PROPN
ajbmeb-3035	1	62	university	university	PROPN
ajbmeb-3035	1	63	of	of	ADP
ajbmeb-3035	1	64	economics	economics	PROPN
ajbmeb-3035	1	65	a	a	DET
ajbmeb-3035	1	66	b	b	PROPN
ajbmeb-3035	1	67	s	s	ADP
ajbmeb-3035	1	68	t	t	PROPN
ajbmeb-3035	1	69	r	r	NOUN
ajbmeb-3035	1	70	a	a	DET
ajbmeb-3035	1	71	c	c	NOUN
ajbmeb-3035	1	72	t	t	NOUN
ajbmeb-3035	1	73	k	k	X
ajbmeb-3035	1	74	e	e	PROPN
ajbmeb-3035	1	75	y	y	PROPN
ajbmeb-3035	1	76	w	w	NOUN
ajbmeb-3035	2	1	o	o	NOUN
ajbmeb-3035	2	2	r	r	NOUN
ajbmeb-3035	2	3	d	d	PROPN
ajbmeb-3035	2	4	s	s	VERB
ajbmeb-3035	2	5	this	this	DET
ajbmeb-3035	2	6	article	article	NOUN
ajbmeb-3035	2	7	describes	describe	VERB
ajbmeb-3035	2	8	main	main	ADJ
ajbmeb-3035	2	9	current	current	ADJ
ajbmeb-3035	2	10	trends	trend	NOUN
ajbmeb-3035	2	11	and	and	CCONJ
ajbmeb-3035	2	12	features	feature	NOUN
ajbmeb-3035	2	13	of	of	ADP
ajbmeb-3035	2	14	the	the	DET
ajbmeb-3035	2	15	eurodollar	eurodollar	PROPN
ajbmeb-3035	2	16	market	market	NOUN
ajbmeb-3035	2	17	,	,	PUNCT
ajbmeb-3035	2	18	the	the	DET
ajbmeb-3035	2	19	basic	basic	ADJ
ajbmeb-3035	2	20	terms	term	NOUN
ajbmeb-3035	2	21	and	and	CCONJ
ajbmeb-3035	2	22	principles	principle	NOUN
ajbmeb-3035	2	23	providing	provide	VERB
ajbmeb-3035	2	24	the	the	DET
ajbmeb-3035	2	25	formation	formation	NOUN
ajbmeb-3035	2	26	of	of	ADP
ajbmeb-3035	2	27	a	a	DET
ajbmeb-3035	2	28	single	single	ADJ
ajbmeb-3035	2	29	market	market	NOUN
ajbmeb-3035	2	30	and	and	CCONJ
ajbmeb-3035	2	31	the	the	DET
ajbmeb-3035	2	32	financial	financial	ADJ
ajbmeb-3035	2	33	sector	sector	NOUN
ajbmeb-3035	2	34	in	in	ADP
ajbmeb-3035	2	35	the	the	DET
ajbmeb-3035	2	36	european	european	PROPN
ajbmeb-3035	2	37	union	union	PROPN
ajbmeb-3035	2	38	,	,	PUNCT
ajbmeb-3035	2	39	in	in	ADP
ajbmeb-3035	2	40	addition	addition	NOUN
ajbmeb-3035	2	41	,	,	PUNCT
ajbmeb-3035	2	42	on	on	ADP
ajbmeb-3035	2	43	the	the	DET
ajbmeb-3035	2	44	basis	basis	NOUN
ajbmeb-3035	2	45	of	of	ADP
ajbmeb-3035	2	46	result	result	NOUN
ajbmeb-3035	2	47	of	of	ADP
ajbmeb-3035	2	48	research	research	NOUN
ajbmeb-3035	2	49	in	in	ADP
ajbmeb-3035	2	50	this	this	DET
ajbmeb-3035	2	51	market	market	NOUN
ajbmeb-3035	2	52	given	give	VERB
ajbmeb-3035	2	53	practical	practical	ADJ
ajbmeb-3035	2	54	recommendations	recommendation	NOUN
ajbmeb-3035	2	55	and	and	CCONJ
ajbmeb-3035	2	56	scientific	scientific	ADJ
ajbmeb-3035	2	57	proposals	proposal	NOUN
ajbmeb-3035	2	58	for	for	ADP
ajbmeb-3035	2	59	the	the	DET
ajbmeb-3035	2	60	sustainable	sustainable	ADJ
ajbmeb-3035	2	61	development	development	NOUN
ajbmeb-3035	2	62	of	of	ADP
ajbmeb-3035	2	63	the	the	DET
ajbmeb-3035	2	64	national	national	ADJ
ajbmeb-3035	2	65	financial	financial	ADJ
ajbmeb-3035	2	66	market	market	NOUN
ajbmeb-3035	2	67	.	.	PUNCT
ajbmeb-3035	3	1	money	money	NOUN
ajbmeb-3035	3	2	and	and	CCONJ
ajbmeb-3035	3	3	loan	loan	NOUN
ajbmeb-3035	3	4	market	market	NOUN
ajbmeb-3035	3	5	,	,	PUNCT
ajbmeb-3035	3	6	euromarket	euromarket	NOUN
ajbmeb-3035	3	7	,	,	PUNCT
ajbmeb-3035	3	8	eurocurrency	eurocurrency	NOUN
ajbmeb-3035	3	9	,	,	PUNCT
ajbmeb-3035	3	10	euroloan	euroloan	NOUN
ajbmeb-3035	3	11	,	,	PUNCT
ajbmeb-3035	3	12	financial	financial	ADJ
ajbmeb-3035	3	13	innovation	innovation	NOUN
ajbmeb-3035	3	14	,	,	PUNCT
ajbmeb-3035	3	15	securities	security	NOUN
ajbmeb-3035	3	16	,	,	PUNCT
ajbmeb-3035	3	17	eurosheet	eurosheet	NOUN
ajbmeb-3035	3	18	,	,	PUNCT
ajbmeb-3035	3	19	international	international	ADJ
ajbmeb-3035	3	20	capital	capital	NOUN
ajbmeb-3035	3	21	market	market	NOUN
ajbmeb-3035	3	22	association	association	PROPN
ajbmeb-3035	3	23	.	.	PUNCT
ajbmeb-3035	4	1	introduction	introduction	NOUN
ajbmeb-3035	4	2	in	in	ADP
ajbmeb-3035	4	3	the	the	DET
ajbmeb-3035	4	4	international	international	ADJ
ajbmeb-3035	4	5	loan	loan	NOUN
ajbmeb-3035	4	6	capital	capital	NOUN
ajbmeb-3035	4	7	market	market	NOUN
ajbmeb-3035	4	8	,	,	PUNCT
ajbmeb-3035	4	9	the	the	DET
ajbmeb-3035	4	10	euro	euro	NOUN
ajbmeb-3035	4	11	-	-	PUNCT
ajbmeb-3035	4	12	market	market	NOUN
ajbmeb-3035	4	13	plays	play	VERB
ajbmeb-3035	4	14	a	a	DET
ajbmeb-3035	4	15	significant	significant	ADJ
ajbmeb-3035	4	16	role	role	NOUN
ajbmeb-3035	4	17	due	due	ADP
ajbmeb-3035	4	18	to	to	ADP
ajbmeb-3035	4	19	its	its	PRON
ajbmeb-3035	4	20	size	size	NOUN
ajbmeb-3035	4	21	,	,	PUNCT
ajbmeb-3035	4	22	scale	scale	NOUN
ajbmeb-3035	4	23	,	,	PUNCT
ajbmeb-3035	4	24	freedom	freedom	NOUN
ajbmeb-3035	4	25	,	,	PUNCT
ajbmeb-3035	4	26	favorable	favorable	ADJ
ajbmeb-3035	4	27	conditions	condition	NOUN
ajbmeb-3035	4	28	for	for	ADP
ajbmeb-3035	4	29	the	the	DET
ajbmeb-3035	4	30	emergence	emergence	NOUN
ajbmeb-3035	4	31	of	of	ADP
ajbmeb-3035	4	32	financial	financial	ADJ
ajbmeb-3035	4	33	innovations	innovation	NOUN
ajbmeb-3035	4	34	,	,	PUNCT
ajbmeb-3035	4	35	and	and	CCONJ
ajbmeb-3035	4	36	the	the	DET
ajbmeb-3035	4	37	wide	wide	ADJ
ajbmeb-3035	4	38	range	range	NOUN
ajbmeb-3035	4	39	of	of	ADP
ajbmeb-3035	4	40	conveniences	convenience	NOUN
ajbmeb-3035	4	41	it	it	PRON
ajbmeb-3035	4	42	offers	offer	VERB
ajbmeb-3035	4	43	to	to	ADP
ajbmeb-3035	4	44	market	market	NOUN
ajbmeb-3035	4	45	participants	participant	NOUN
ajbmeb-3035	4	46	.	.	PUNCT
ajbmeb-3035	5	1	it	it	PRON
ajbmeb-3035	5	2	enables	enable	VERB
ajbmeb-3035	5	3	the	the	DET
ajbmeb-3035	5	4	effective	effective	ADJ
ajbmeb-3035	5	5	redistribution	redistribution	NOUN
ajbmeb-3035	5	6	of	of	ADP
ajbmeb-3035	5	7	financial	financial	ADJ
ajbmeb-3035	5	8	resources	resource	NOUN
ajbmeb-3035	5	9	across	across	ADP
ajbmeb-3035	5	10	the	the	DET
ajbmeb-3035	5	11	globe	globe	NOUN
ajbmeb-3035	5	12	,	,	PUNCT
ajbmeb-3035	5	13	provides	provide	VERB
ajbmeb-3035	5	14	new	new	ADJ
ajbmeb-3035	5	15	ways	way	NOUN
ajbmeb-3035	5	16	to	to	PART
ajbmeb-3035	5	17	address	address	VERB
ajbmeb-3035	5	18	problems	problem	NOUN
ajbmeb-3035	5	19	that	that	PRON
ajbmeb-3035	5	20	arise	arise	VERB
ajbmeb-3035	5	21	during	during	ADP
ajbmeb-3035	5	22	imbalances	imbalance	NOUN
ajbmeb-3035	5	23	in	in	ADP
ajbmeb-3035	5	24	external	external	ADJ
ajbmeb-3035	5	25	payments	payment	NOUN
ajbmeb-3035	5	26	,	,	PUNCT
ajbmeb-3035	5	27	offers	offer	VERB
ajbmeb-3035	5	28	important	important	ADJ
ajbmeb-3035	5	29	tools	tool	NOUN
ajbmeb-3035	5	30	for	for	SCONJ
ajbmeb-3035	5	31	economic	economic	ADJ
ajbmeb-3035	5	32	agents	agent	NOUN
ajbmeb-3035	5	33	to	to	PART
ajbmeb-3035	5	34	hedge	hedge	VERB
ajbmeb-3035	5	35	against	against	ADP
ajbmeb-3035	5	36	risks	risk	NOUN
ajbmeb-3035	5	37	,	,	PUNCT
ajbmeb-3035	5	38	enhances	enhance	VERB
ajbmeb-3035	5	39	competition	competition	NOUN
ajbmeb-3035	5	40	in	in	ADP
ajbmeb-3035	5	41	the	the	DET
ajbmeb-3035	5	42	global	global	ADJ
ajbmeb-3035	5	43	financial	financial	ADJ
ajbmeb-3035	5	44	market	market	NOUN
ajbmeb-3035	5	45	,	,	PUNCT
ajbmeb-3035	5	46	and	and	CCONJ
ajbmeb-3035	5	47	stimulates	stimulate	VERB
ajbmeb-3035	5	48	improvements	improvement	NOUN
ajbmeb-3035	5	49	in	in	ADP
ajbmeb-3035	5	50	the	the	DET
ajbmeb-3035	5	51	quality	quality	NOUN
ajbmeb-3035	5	52	and	and	CCONJ
ajbmeb-3035	5	53	reduction	reduction	NOUN
ajbmeb-3035	5	54	in	in	ADP
ajbmeb-3035	5	55	the	the	DET
ajbmeb-3035	5	56	cost	cost	NOUN
ajbmeb-3035	5	57	of	of	ADP
ajbmeb-3035	5	58	services	service	NOUN
ajbmeb-3035	5	59	provided	provide	VERB
ajbmeb-3035	5	60	by	by	ADP
ajbmeb-3035	5	61	financial	financial	ADJ
ajbmeb-3035	5	62	and	and	CCONJ
ajbmeb-3035	5	63	credit	credit	NOUN
ajbmeb-3035	5	64	institutions	institution	NOUN
ajbmeb-3035	5	65	.	.	PUNCT
ajbmeb-3035	6	1	the	the	DET
ajbmeb-3035	6	2	development	development	NOUN
ajbmeb-3035	6	3	of	of	ADP
ajbmeb-3035	6	4	the	the	DET
ajbmeb-3035	6	5	euro	euro	NOUN
ajbmeb-3035	6	6	-	-	PUNCT
ajbmeb-3035	6	7	market	market	NOUN
ajbmeb-3035	6	8	and	and	CCONJ
ajbmeb-3035	6	9	global	global	ADJ
ajbmeb-3035	6	10	financial	financial	ADJ
ajbmeb-3035	6	11	integration	integration	NOUN
ajbmeb-3035	6	12	are	be	AUX
ajbmeb-3035	6	13	among	among	ADP
ajbmeb-3035	6	14	the	the	DET
ajbmeb-3035	6	15	key	key	ADJ
ajbmeb-3035	6	16	elements	element	NOUN
ajbmeb-3035	6	17	that	that	PRON
ajbmeb-3035	6	18	positively	positively	ADV
ajbmeb-3035	6	19	contribute	contribute	VERB
ajbmeb-3035	6	20	to	to	ADP
ajbmeb-3035	6	21	the	the	DET
ajbmeb-3035	6	22	progress	progress	NOUN
ajbmeb-3035	6	23	of	of	ADP
ajbmeb-3035	6	24	the	the	DET
ajbmeb-3035	6	25	world	world	NOUN
ajbmeb-3035	6	26	economy	economy	NOUN
ajbmeb-3035	6	27	.	.	PUNCT
ajbmeb-3035	7	1	today	today	NOUN
ajbmeb-3035	7	2	,	,	PUNCT
ajbmeb-3035	7	3	the	the	DET
ajbmeb-3035	7	4	main	main	ADJ
ajbmeb-3035	7	5	centers	center	NOUN
ajbmeb-3035	7	6	of	of	ADP
ajbmeb-3035	7	7	the	the	DET
ajbmeb-3035	7	8	global	global	ADJ
ajbmeb-3035	7	9	euromarket	euromarket	NOUN
ajbmeb-3035	7	10	are	be	AUX
ajbmeb-3035	7	11	london	london	PROPN
ajbmeb-3035	7	12	,	,	PUNCT
ajbmeb-3035	7	13	zurich	zurich	PROPN
ajbmeb-3035	7	14	,	,	PUNCT
ajbmeb-3035	7	15	frankfurt	frankfurt	PROPN
ajbmeb-3035	7	16	am	be	AUX
ajbmeb-3035	7	17	main	main	ADJ
ajbmeb-3035	7	18	,	,	PUNCT
ajbmeb-3035	7	19	and	and	CCONJ
ajbmeb-3035	7	20	paris	paris	PROPN
ajbmeb-3035	7	21	.	.	PUNCT
ajbmeb-3035	8	1	in	in	ADP
ajbmeb-3035	8	2	the	the	DET
ajbmeb-3035	8	3	presidential	presidential	ADJ
ajbmeb-3035	8	4	decree	decree	NOUN
ajbmeb-3035	8	5	no	no	INTJ
ajbmeb-3035	8	6	.	.	PUNCT
ajbmeb-3035	9	1	pf-158	pf-158	PROPN
ajbmeb-3035	9	2	dated	date	VERB
ajbmeb-3035	9	3	september	september	PROPN
ajbmeb-3035	9	4	11	11	NUM
ajbmeb-3035	9	5	,	,	PUNCT
ajbmeb-3035	9	6	2023	2023	NUM
ajbmeb-3035	9	7	,	,	PUNCT
ajbmeb-3035	9	8	on	on	ADP
ajbmeb-3035	9	9	the	the	DET
ajbmeb-3035	9	10	strategy	strategy	NOUN
ajbmeb-3035	9	11	“	"	PUNCT
ajbmeb-3035	9	12	uzbekistan	uzbekistan	PROPN
ajbmeb-3035	9	13	–	–	PUNCT
ajbmeb-3035	9	14	2030	2030	NUM
ajbmeb-3035	9	15	,	,	PUNCT
ajbmeb-3035	9	16	”	"	PUNCT
ajbmeb-3035	9	17	goal	goal	NOUN
ajbmeb-3035	9	18	92	92	NUM
ajbmeb-3035	9	19	,	,	PUNCT
ajbmeb-3035	9	20	to	to	PART
ajbmeb-3035	9	21	be	be	AUX
ajbmeb-3035	9	22	achieved	achieve	VERB
ajbmeb-3035	9	23	by	by	ADP
ajbmeb-3035	9	24	2030	2030	NUM
ajbmeb-3035	9	25	,	,	PUNCT
ajbmeb-3035	9	26	sets	set	VERB
ajbmeb-3035	9	27	as	as	ADP
ajbmeb-3035	9	28	a	a	DET
ajbmeb-3035	9	29	key	key	ADJ
ajbmeb-3035	9	30	performance	performance	NOUN
ajbmeb-3035	9	31	indicator	indicator	NOUN
ajbmeb-3035	9	32	:	:	PUNCT
ajbmeb-3035	9	33	“	"	PUNCT
ajbmeb-3035	9	34	development	development	NOUN
ajbmeb-3035	9	35	of	of	ADP
ajbmeb-3035	9	36	trade	trade	NOUN
ajbmeb-3035	9	37	-	-	PUNCT
ajbmeb-3035	9	38	economic	economic	ADJ
ajbmeb-3035	9	39	,	,	PUNCT
ajbmeb-3035	9	40	financial	financial	ADJ
ajbmeb-3035	9	41	,	,	PUNCT
ajbmeb-3035	9	42	investment	investment	NOUN
ajbmeb-3035	9	43	,	,	PUNCT
ajbmeb-3035	9	44	and	and	CCONJ
ajbmeb-3035	9	45	technological	technological	ADJ
ajbmeb-3035	9	46	cooperation	cooperation	NOUN
ajbmeb-3035	9	47	with	with	ADP
ajbmeb-3035	9	48	european	european	ADJ
ajbmeb-3035	9	49	countries	country	NOUN
ajbmeb-3035	9	50	and	and	CCONJ
ajbmeb-3035	9	51	further	far	ADV
ajbmeb-3035	9	52	strengthening	strengthening	NOUN
ajbmeb-3035	9	53	of	of	ADP
ajbmeb-3035	9	54	the	the	DET
ajbmeb-3035	9	55	legal	legal	ADJ
ajbmeb-3035	9	56	framework	framework	NOUN
ajbmeb-3035	9	57	for	for	ADP
ajbmeb-3035	9	58	broad	broad	ADJ
ajbmeb-3035	9	59	partnerships	partnership	NOUN
ajbmeb-3035	9	60	and	and	CCONJ
ajbmeb-3035	9	61	practical	practical	ADJ
ajbmeb-3035	9	62	collaboration	collaboration	NOUN
ajbmeb-3035	9	63	”	"	PUNCT
ajbmeb-3035	10	1	[	[	X
ajbmeb-3035	10	2	1	1	NUM
ajbmeb-3035	10	3	]	]	PUNCT
ajbmeb-3035	10	4	.	.	PUNCT
ajbmeb-3035	11	1	this	this	PRON
ajbmeb-3035	11	2	,	,	PUNCT
ajbmeb-3035	11	3	in	in	ADP
ajbmeb-3035	11	4	turn	turn	NOUN
ajbmeb-3035	11	5	,	,	PUNCT
ajbmeb-3035	11	6	necessitates	necessitate	VERB
ajbmeb-3035	11	7	the	the	DET
ajbmeb-3035	11	8	study	study	NOUN
ajbmeb-3035	11	9	of	of	ADP
ajbmeb-3035	11	10	modern	modern	ADJ
ajbmeb-3035	11	11	trends	trend	NOUN
ajbmeb-3035	11	12	in	in	ADP
ajbmeb-3035	11	13	the	the	DET
ajbmeb-3035	11	14	development	development	NOUN
ajbmeb-3035	11	15	of	of	ADP
ajbmeb-3035	11	16	european	european	ADJ
ajbmeb-3035	11	17	financial	financial	ADJ
ajbmeb-3035	11	18	markets	market	NOUN
ajbmeb-3035	11	19	.	.	PUNCT
ajbmeb-3035	12	1	literature	literature	NOUN
ajbmeb-3035	12	2	review	review	PROPN
ajbmeb-3035	12	3	marsel	marsel	ADJ
ajbmeb-3035	12	4	fratzscher	fratzscher	NOUN
ajbmeb-3035	12	5	has	have	AUX
ajbmeb-3035	12	6	conducted	conduct	VERB
ajbmeb-3035	12	7	an	an	DET
ajbmeb-3035	12	8	in	in	ADP
ajbmeb-3035	12	9	-	-	PUNCT
ajbmeb-3035	12	10	depth	depth	NOUN
ajbmeb-3035	12	11	study	study	NOUN
ajbmeb-3035	12	12	on	on	ADP
ajbmeb-3035	12	13	financial	financial	ADJ
ajbmeb-3035	12	14	market	market	NOUN
ajbmeb-3035	12	15	integration	integration	NOUN
ajbmeb-3035	12	16	in	in	ADP
ajbmeb-3035	12	17	europe	europe	PROPN
ajbmeb-3035	12	18	,	,	PUNCT
ajbmeb-3035	12	19	particularly	particularly	ADV
ajbmeb-3035	12	20	focusing	focus	VERB
ajbmeb-3035	12	21	on	on	ADP
ajbmeb-3035	12	22	the	the	DET
ajbmeb-3035	12	23	impact	impact	NOUN
ajbmeb-3035	12	24	of	of	ADP
ajbmeb-3035	12	25	the	the	DET
ajbmeb-3035	12	26	economic	economic	ADJ
ajbmeb-3035	12	27	and	and	CCONJ
ajbmeb-3035	12	28	monetary	monetary	ADJ
ajbmeb-3035	12	29	union	union	NOUN
ajbmeb-3035	12	30	(	(	PUNCT
ajbmeb-3035	12	31	emu	emu	PROPN
ajbmeb-3035	12	32	)	)	PUNCT
ajbmeb-3035	12	33	on	on	ADP
ajbmeb-3035	12	34	securities	security	NOUN
ajbmeb-3035	12	35	markets	market	NOUN
ajbmeb-3035	12	36	.	.	PUNCT
ajbmeb-3035	13	1	american	american	ADJ
ajbmeb-3035	13	2	journal	journal	PROPN
ajbmeb-3035	13	3	of	of	ADP
ajbmeb-3035	13	4	business	business	NOUN
ajbmeb-3035	13	5	management	management	NOUN
ajbmeb-3035	13	6	,	,	PUNCT
ajbmeb-3035	13	7	economics	economic	NOUN
ajbmeb-3035	13	8	and	and	CCONJ
ajbmeb-3035	13	9	banking	banking	NOUN
ajbmeb-3035	13	10	volume	volume	NOUN
ajbmeb-3035	13	11	37	37	NUM
ajbmeb-3035	13	12	june2025	june2025	PROPN
ajbmeb-3035	13	13	p	p	NOUN
ajbmeb-3035	13	14	a	a	DET
ajbmeb-3035	13	15	g	g	NOUN
ajbmeb-3035	13	16	e	e	NOUN
ajbmeb-3035	13	17	|	|	NOUN
ajbmeb-3035	13	18	175	175	NUM
ajbmeb-3035	13	19	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-3035	13	20	analyzing	analyze	VERB
ajbmeb-3035	13	21	the	the	DET
ajbmeb-3035	13	22	integration	integration	NOUN
ajbmeb-3035	13	23	process	process	NOUN
ajbmeb-3035	13	24	of	of	ADP
ajbmeb-3035	13	25	european	european	ADJ
ajbmeb-3035	13	26	securities	security	NOUN
ajbmeb-3035	13	27	markets	market	NOUN
ajbmeb-3035	13	28	since	since	SCONJ
ajbmeb-3035	13	29	the	the	DET
ajbmeb-3035	13	30	1980s	1980s	NUM
ajbmeb-3035	13	31	,	,	PUNCT
ajbmeb-3035	13	32	fratzscher	fratzscher	PROPN
ajbmeb-3035	13	33	emphasized	emphasize	VERB
ajbmeb-3035	13	34	the	the	DET
ajbmeb-3035	13	35	influence	influence	NOUN
ajbmeb-3035	13	36	of	of	ADP
ajbmeb-3035	13	37	exchange	exchange	NOUN
ajbmeb-3035	13	38	rate	rate	NOUN
ajbmeb-3035	13	39	volatility	volatility	NOUN
ajbmeb-3035	13	40	on	on	ADP
ajbmeb-3035	13	41	financial	financial	ADJ
ajbmeb-3035	13	42	integration	integration	NOUN
ajbmeb-3035	13	43	.	.	PUNCT
ajbmeb-3035	14	1	utilizing	utilize	VERB
ajbmeb-3035	14	2	a	a	DET
ajbmeb-3035	14	3	garch	garch	NOUN
ajbmeb-3035	14	4	model	model	NOUN
ajbmeb-3035	14	5	based	base	VERB
ajbmeb-3035	14	6	on	on	ADP
ajbmeb-3035	14	7	the	the	DET
ajbmeb-3035	14	8	interest	interest	NOUN
ajbmeb-3035	14	9	rate	rate	NOUN
ajbmeb-3035	14	10	parity	parity	NOUN
ajbmeb-3035	14	11	condition	condition	NOUN
ajbmeb-3035	14	12	,	,	PUNCT
ajbmeb-3035	14	13	the	the	DET
ajbmeb-3035	14	14	study	study	NOUN
ajbmeb-3035	14	15	identifies	identify	VERB
ajbmeb-3035	14	16	three	three	NUM
ajbmeb-3035	14	17	major	major	ADJ
ajbmeb-3035	14	18	findings	finding	NOUN
ajbmeb-3035	14	19	:	:	PUNCT
ajbmeb-3035	14	20	first	first	X
ajbmeb-3035	14	21	,	,	PUNCT
ajbmeb-3035	14	22	european	european	ADJ
ajbmeb-3035	14	23	securities	security	NOUN
ajbmeb-3035	14	24	markets	market	NOUN
ajbmeb-3035	14	25	only	only	ADV
ajbmeb-3035	14	26	became	become	VERB
ajbmeb-3035	14	27	highly	highly	ADV
ajbmeb-3035	14	28	integrated	integrate	VERB
ajbmeb-3035	14	29	after	after	ADP
ajbmeb-3035	14	30	1996	1996	NUM
ajbmeb-3035	14	31	;	;	PUNCT
ajbmeb-3035	14	32	second	second	X
ajbmeb-3035	14	33	,	,	PUNCT
ajbmeb-3035	14	34	the	the	DET
ajbmeb-3035	14	35	eurozone	eurozone	NOUN
ajbmeb-3035	14	36	has	have	AUX
ajbmeb-3035	14	37	gained	gain	VERB
ajbmeb-3035	14	38	dominance	dominance	NOUN
ajbmeb-3035	14	39	in	in	ADP
ajbmeb-3035	14	40	global	global	ADJ
ajbmeb-3035	14	41	financial	financial	ADJ
ajbmeb-3035	14	42	markets	market	NOUN
ajbmeb-3035	14	43	,	,	PUNCT
ajbmeb-3035	14	44	overtaking	overtake	VERB
ajbmeb-3035	14	45	the	the	DET
ajbmeb-3035	14	46	u.s	u.s	PROPN
ajbmeb-3035	14	47	.	.	PROPN
ajbmeb-3035	14	48	;	;	PUNCT
ajbmeb-3035	14	49	and	and	CCONJ
ajbmeb-3035	14	50	third	third	ADJ
ajbmeb-3035	14	51	,	,	PUNCT
ajbmeb-3035	14	52	integration	integration	NOUN
ajbmeb-3035	14	53	was	be	AUX
ajbmeb-3035	14	54	largely	largely	ADV
ajbmeb-3035	14	55	driven	drive	VERB
ajbmeb-3035	14	56	by	by	ADP
ajbmeb-3035	14	57	the	the	DET
ajbmeb-3035	14	58	elimination	elimination	NOUN
ajbmeb-3035	14	59	of	of	ADP
ajbmeb-3035	14	60	uncertainties	uncertainty	NOUN
ajbmeb-3035	14	61	related	relate	VERB
ajbmeb-3035	14	62	to	to	PART
ajbmeb-3035	14	63	exchange	exchange	VERB
ajbmeb-3035	14	64	rate	rate	NOUN
ajbmeb-3035	14	65	fluctuations	fluctuation	NOUN
ajbmeb-3035	14	66	and	and	CCONJ
ajbmeb-3035	14	67	monetary	monetary	ADJ
ajbmeb-3035	14	68	unification	unification	NOUN
ajbmeb-3035	14	69	.	.	PUNCT
ajbmeb-3035	15	1	[	[	X
ajbmeb-3035	15	2	2	2	X
ajbmeb-3035	15	3	]	]	PUNCT
ajbmeb-3035	15	4	afzal	afzal	PROPN
ajbmeb-3035	15	5	hussain	hussain	PROPN
ajbmeb-3035	15	6	,	,	PUNCT
ajbmeb-3035	15	7	sitora	sitora	PROPN
ajbmeb-3035	15	8	karim	karim	PROPN
ajbmeb-3035	15	9	,	,	PUNCT
ajbmeb-3035	15	10	and	and	CCONJ
ajbmeb-3035	15	11	ahmet	ahmet	PROPN
ajbmeb-3035	15	12	sensoy	sensoy	PROPN
ajbmeb-3035	15	13	investigated	investigate	VERB
ajbmeb-3035	15	14	financial	financial	ADJ
ajbmeb-3035	15	15	harmony	harmony	NOUN
ajbmeb-3035	15	16	by	by	ADP
ajbmeb-3035	15	17	exploring	explore	VERB
ajbmeb-3035	15	18	the	the	DET
ajbmeb-3035	15	19	integration	integration	NOUN
ajbmeb-3035	15	20	of	of	ADP
ajbmeb-3035	15	21	islamic	islamic	ADJ
ajbmeb-3035	15	22	and	and	CCONJ
ajbmeb-3035	15	23	green	green	ADJ
ajbmeb-3035	15	24	investments	investment	NOUN
ajbmeb-3035	15	25	in	in	ADP
ajbmeb-3035	15	26	european	european	ADJ
ajbmeb-3035	15	27	stock	stock	NOUN
ajbmeb-3035	15	28	markets	market	NOUN
ajbmeb-3035	15	29	.	.	PUNCT
ajbmeb-3035	16	1	their	their	PRON
ajbmeb-3035	16	2	research	research	NOUN
ajbmeb-3035	16	3	,	,	PUNCT
ajbmeb-3035	16	4	considering	consider	VERB
ajbmeb-3035	16	5	the	the	DET
ajbmeb-3035	16	6	distinct	distinct	ADJ
ajbmeb-3035	16	7	characteristics	characteristic	NOUN
ajbmeb-3035	16	8	of	of	ADP
ajbmeb-3035	16	9	islamic	islamic	ADJ
ajbmeb-3035	16	10	and	and	CCONJ
ajbmeb-3035	16	11	green	green	ADJ
ajbmeb-3035	16	12	financial	financial	ADJ
ajbmeb-3035	16	13	instruments	instrument	NOUN
ajbmeb-3035	16	14	compared	compare	VERB
ajbmeb-3035	16	15	to	to	ADP
ajbmeb-3035	16	16	conventional	conventional	ADJ
ajbmeb-3035	16	17	finance	finance	NOUN
ajbmeb-3035	16	18	,	,	PUNCT
ajbmeb-3035	16	19	revealed	reveal	VERB
ajbmeb-3035	16	20	that	that	SCONJ
ajbmeb-3035	16	21	under	under	ADP
ajbmeb-3035	16	22	increasing	increase	VERB
ajbmeb-3035	16	23	uncertainty	uncertainty	NOUN
ajbmeb-3035	16	24	,	,	PUNCT
ajbmeb-3035	16	25	the	the	DET
ajbmeb-3035	16	26	interconnectedness	interconnectedness	NOUN
ajbmeb-3035	16	27	between	between	ADP
ajbmeb-3035	16	28	green	green	ADJ
ajbmeb-3035	16	29	and	and	CCONJ
ajbmeb-3035	16	30	islamic	islamic	ADJ
ajbmeb-3035	16	31	finance	finance	NOUN
ajbmeb-3035	16	32	and	and	CCONJ
ajbmeb-3035	16	33	the	the	DET
ajbmeb-3035	16	34	broader	broad	ADJ
ajbmeb-3035	16	35	european	european	ADJ
ajbmeb-3035	16	36	financial	financial	ADJ
ajbmeb-3035	16	37	market	market	NOUN
ajbmeb-3035	16	38	has	have	AUX
ajbmeb-3035	16	39	grown	grow	VERB
ajbmeb-3035	16	40	.	.	PUNCT
ajbmeb-3035	17	1	[	[	X
ajbmeb-3035	17	2	3	3	X
ajbmeb-3035	17	3	]	]	X
ajbmeb-3035	17	4	giuliana	giuliana	PROPN
ajbmeb-3035	17	5	birindelli	birindelli	PROPN
ajbmeb-3035	17	6	,	,	PUNCT
ajbmeb-3035	17	7	helen	helen	PROPN
ajbmeb-3035	17	8	chiappini	chiappini	NOUN
ajbmeb-3035	17	9	,	,	PUNCT
ajbmeb-3035	17	10	and	and	CCONJ
ajbmeb-3035	17	11	raja	raja	PROPN
ajbmeb-3035	17	12	nabil	nabil	PROPN
ajbmeb-3035	17	13	-	-	PUNCT
ajbmeb-3035	17	14	ud	ud	AUX
ajbmeb-3035	17	15	-	-	PUNCT
ajbmeb-3035	17	16	din	din	NOUN
ajbmeb-3035	17	17	jalal	jalal	PROPN
ajbmeb-3035	17	18	examined	examine	VERB
ajbmeb-3035	17	19	the	the	DET
ajbmeb-3035	17	20	sustainable	sustainable	ADJ
ajbmeb-3035	17	21	finance	finance	NOUN
ajbmeb-3035	17	22	disclosure	disclosure	NOUN
ajbmeb-3035	17	23	regulation	regulation	NOUN
ajbmeb-3035	17	24	(	(	PUNCT
ajbmeb-3035	17	25	sfdr	sfdr	NOUN
ajbmeb-3035	17	26	)	)	PUNCT
ajbmeb-3035	17	27	,	,	PUNCT
ajbmeb-3035	17	28	investor	investor	NOUN
ajbmeb-3035	17	29	attention	attention	NOUN
ajbmeb-3035	17	30	,	,	PUNCT
ajbmeb-3035	17	31	and	and	CCONJ
ajbmeb-3035	17	32	the	the	DET
ajbmeb-3035	17	33	condition	condition	NOUN
ajbmeb-3035	17	34	of	of	ADP
ajbmeb-3035	17	35	european	european	ADJ
ajbmeb-3035	17	36	financial	financial	ADJ
ajbmeb-3035	17	37	markets	market	NOUN
ajbmeb-3035	17	38	.	.	PUNCT
ajbmeb-3035	18	1	focusing	focus	VERB
ajbmeb-3035	18	2	on	on	ADP
ajbmeb-3035	18	3	2019–2022	2019–2022	NUM
ajbmeb-3035	18	4	,	,	PUNCT
ajbmeb-3035	18	5	the	the	DET
ajbmeb-3035	18	6	study	study	NOUN
ajbmeb-3035	18	7	analyzed	analyze	VERB
ajbmeb-3035	18	8	whether	whether	SCONJ
ajbmeb-3035	18	9	investor	investor	NOUN
ajbmeb-3035	18	10	attention	attention	NOUN
ajbmeb-3035	18	11	to	to	ADP
ajbmeb-3035	18	12	the	the	DET
ajbmeb-3035	18	13	sfdr	sfdr	NOUN
ajbmeb-3035	18	14	drives	drive	VERB
ajbmeb-3035	18	15	the	the	DET
ajbmeb-3035	18	16	european	european	ADJ
ajbmeb-3035	18	17	financial	financial	ADJ
ajbmeb-3035	18	18	markets	market	NOUN
ajbmeb-3035	18	19	and	and	CCONJ
ajbmeb-3035	18	20	concluded	conclude	VERB
ajbmeb-3035	18	21	that	that	SCONJ
ajbmeb-3035	18	22	investors	investor	NOUN
ajbmeb-3035	18	23	show	show	VERB
ajbmeb-3035	18	24	strong	strong	ADJ
ajbmeb-3035	18	25	predictive	predictive	ADJ
ajbmeb-3035	18	26	behavior	behavior	NOUN
ajbmeb-3035	18	27	,	,	PUNCT
ajbmeb-3035	18	28	particularly	particularly	ADV
ajbmeb-3035	18	29	under	under	ADP
ajbmeb-3035	18	30	declining	decline	VERB
ajbmeb-3035	18	31	or	or	CCONJ
ajbmeb-3035	18	32	stable	stable	ADJ
ajbmeb-3035	18	33	market	market	NOUN
ajbmeb-3035	18	34	conditions	condition	NOUN
ajbmeb-3035	18	35	.	.	PUNCT
ajbmeb-3035	19	1	[	[	X
ajbmeb-3035	19	2	4	4	NUM
ajbmeb-3035	19	3	]	]	X
ajbmeb-3035	19	4	krina	krina	NOUN
ajbmeb-3035	19	5	pungulesku	pungulesku	NOUN
ajbmeb-3035	19	6	attempted	attempt	VERB
ajbmeb-3035	19	7	to	to	PART
ajbmeb-3035	19	8	measure	measure	VERB
ajbmeb-3035	19	9	financial	financial	ADJ
ajbmeb-3035	19	10	market	market	NOUN
ajbmeb-3035	19	11	integration	integration	NOUN
ajbmeb-3035	19	12	in	in	ADP
ajbmeb-3035	19	13	the	the	DET
ajbmeb-3035	19	14	european	european	PROPN
ajbmeb-3035	19	15	union	union	PROPN
ajbmeb-3035	19	16	(	(	PUNCT
ajbmeb-3035	19	17	eu	eu	PROPN
ajbmeb-3035	19	18	)	)	PUNCT
ajbmeb-3035	19	19	,	,	PUNCT
ajbmeb-3035	19	20	comparing	compare	VERB
ajbmeb-3035	19	21	eu-15	eu-15	NOUN
ajbmeb-3035	19	22	countries	country	NOUN
ajbmeb-3035	19	23	with	with	ADP
ajbmeb-3035	19	24	new	new	ADJ
ajbmeb-3035	19	25	member	member	NOUN
ajbmeb-3035	19	26	states	state	NOUN
ajbmeb-3035	19	27	and	and	CCONJ
ajbmeb-3035	19	28	emerging	emerge	VERB
ajbmeb-3035	19	29	markets	market	NOUN
ajbmeb-3035	19	30	.	.	PUNCT
ajbmeb-3035	20	1	using	use	VERB
ajbmeb-3035	20	2	indicators	indicator	NOUN
ajbmeb-3035	20	3	from	from	ADP
ajbmeb-3035	20	4	credit	credit	NOUN
ajbmeb-3035	20	5	and	and	CCONJ
ajbmeb-3035	20	6	bond	bond	NOUN
ajbmeb-3035	20	7	markets	market	NOUN
ajbmeb-3035	20	8	,	,	PUNCT
ajbmeb-3035	20	9	equity	equity	NOUN
ajbmeb-3035	20	10	markets	market	NOUN
ajbmeb-3035	20	11	,	,	PUNCT
ajbmeb-3035	20	12	and	and	CCONJ
ajbmeb-3035	20	13	household	household	NOUN
ajbmeb-3035	20	14	and	and	CCONJ
ajbmeb-3035	20	15	firm	firm	ADJ
ajbmeb-3035	20	16	-	-	PUNCT
ajbmeb-3035	20	17	level	level	NOUN
ajbmeb-3035	20	18	decisions	decision	NOUN
ajbmeb-3035	20	19	,	,	PUNCT
ajbmeb-3035	20	20	the	the	DET
ajbmeb-3035	20	21	study	study	NOUN
ajbmeb-3035	20	22	quantified	quantify	VERB
ajbmeb-3035	20	23	financial	financial	ADJ
ajbmeb-3035	20	24	integration	integration	NOUN
ajbmeb-3035	20	25	and	and	CCONJ
ajbmeb-3035	20	26	compared	compare	VERB
ajbmeb-3035	20	27	developments	development	NOUN
ajbmeb-3035	20	28	before	before	ADP
ajbmeb-3035	20	29	and	and	CCONJ
ajbmeb-3035	20	30	after	after	ADP
ajbmeb-3035	20	31	the	the	DET
ajbmeb-3035	20	32	eu	eu	PROPN
ajbmeb-3035	20	33	’s	’s	PART
ajbmeb-3035	20	34	eastern	eastern	ADJ
ajbmeb-3035	20	35	enlargement	enlargement	NOUN
ajbmeb-3035	20	36	.	.	PUNCT
ajbmeb-3035	21	1	[	[	X
ajbmeb-3035	21	2	5	5	NUM
ajbmeb-3035	21	3	]	]	PUNCT
ajbmeb-3035	21	4	marisica	marisica	NOUN
ajbmeb-3035	21	5	moscalu	moscalu	NOUN
ajbmeb-3035	21	6	,	,	PUNCT
ajbmeb-3035	21	7	claudia	claudia	NOUN
ajbmeb-3035	21	8	girardone	girardone	NOUN
ajbmeb-3035	21	9	,	,	PUNCT
ajbmeb-3035	21	10	and	and	CCONJ
ajbmeb-3035	21	11	raffaella	raffaella	PROPN
ajbmeb-3035	21	12	calabrese	calabrese	ADJ
ajbmeb-3035	21	13	analyzed	analyze	VERB
ajbmeb-3035	21	14	banking	banking	NOUN
ajbmeb-3035	21	15	market	market	NOUN
ajbmeb-3035	21	16	integration	integration	NOUN
ajbmeb-3035	21	17	in	in	ADP
ajbmeb-3035	21	18	the	the	DET
ajbmeb-3035	21	19	euro	euro	NOUN
ajbmeb-3035	21	20	area	area	NOUN
ajbmeb-3035	21	21	and	and	CCONJ
ajbmeb-3035	21	22	its	its	PRON
ajbmeb-3035	21	23	impact	impact	NOUN
ajbmeb-3035	21	24	on	on	ADP
ajbmeb-3035	21	25	sme	sme	ADJ
ajbmeb-3035	21	26	growth	growth	NOUN
ajbmeb-3035	21	27	under	under	ADP
ajbmeb-3035	21	28	financial	financial	ADJ
ajbmeb-3035	21	29	constraints	constraint	NOUN
ajbmeb-3035	21	30	.	.	PUNCT
ajbmeb-3035	22	1	their	their	PRON
ajbmeb-3035	22	2	findings	finding	NOUN
ajbmeb-3035	22	3	indicate	indicate	VERB
ajbmeb-3035	22	4	that	that	SCONJ
ajbmeb-3035	22	5	while	while	SCONJ
ajbmeb-3035	22	6	financing	financing	NOUN
ajbmeb-3035	22	7	constraints	constraint	NOUN
ajbmeb-3035	22	8	limit	limit	VERB
ajbmeb-3035	22	9	sme	sme	ADJ
ajbmeb-3035	22	10	growth	growth	NOUN
ajbmeb-3035	22	11	,	,	PUNCT
ajbmeb-3035	22	12	greater	great	ADJ
ajbmeb-3035	22	13	banking	banking	NOUN
ajbmeb-3035	22	14	integration	integration	NOUN
ajbmeb-3035	22	15	in	in	ADP
ajbmeb-3035	22	16	the	the	DET
ajbmeb-3035	22	17	euro	euro	PROPN
ajbmeb-3035	22	18	area	area	NOUN
ajbmeb-3035	22	19	fosters	foster	VERB
ajbmeb-3035	22	20	the	the	DET
ajbmeb-3035	22	21	development	development	NOUN
ajbmeb-3035	22	22	of	of	ADP
ajbmeb-3035	22	23	these	these	DET
ajbmeb-3035	22	24	enterprises	enterprise	NOUN
ajbmeb-3035	22	25	.	.	PUNCT
ajbmeb-3035	23	1	[	[	X
ajbmeb-3035	23	2	6	6	NUM
ajbmeb-3035	23	3	]	]	PUNCT
ajbmeb-3035	23	4	sonia	sonia	PROPN
ajbmeb-3035	23	5	kumari	kumari	PROPN
ajbmeb-3035	23	6	selvarajan	selvarajan	PROPN
ajbmeb-3035	23	7	and	and	CCONJ
ajbmeb-3035	23	8	rossazana	rossazana	PROPN
ajbmeb-3035	23	9	ab	ab	PROPN
ajbmeb-3035	23	10	-	-	PROPN
ajbmeb-3035	23	11	rahim	rahim	PROPN
ajbmeb-3035	23	12	explored	explore	VERB
ajbmeb-3035	23	13	whether	whether	SCONJ
ajbmeb-3035	23	14	asia	asia	PROPN
ajbmeb-3035	23	15	should	should	AUX
ajbmeb-3035	23	16	follow	follow	VERB
ajbmeb-3035	23	17	europe	europe	PROPN
ajbmeb-3035	23	18	’s	’s	PART
ajbmeb-3035	23	19	model	model	NOUN
ajbmeb-3035	23	20	in	in	ADP
ajbmeb-3035	23	21	financial	financial	ADJ
ajbmeb-3035	23	22	integration	integration	NOUN
ajbmeb-3035	23	23	and	and	CCONJ
ajbmeb-3035	23	24	economic	economic	ADJ
ajbmeb-3035	23	25	growth	growth	NOUN
ajbmeb-3035	23	26	.	.	PUNCT
ajbmeb-3035	24	1	they	they	PRON
ajbmeb-3035	24	2	concluded	conclude	VERB
ajbmeb-3035	24	3	that	that	SCONJ
ajbmeb-3035	24	4	the	the	DET
ajbmeb-3035	24	5	asian	asian	ADJ
ajbmeb-3035	24	6	financial	financial	ADJ
ajbmeb-3035	24	7	crisis	crisis	NOUN
ajbmeb-3035	24	8	(	(	PUNCT
ajbmeb-3035	24	9	1997–1998	1997–1998	NUM
ajbmeb-3035	24	10	)	)	PUNCT
ajbmeb-3035	24	11	acted	act	VERB
ajbmeb-3035	24	12	as	as	ADP
ajbmeb-3035	24	13	a	a	DET
ajbmeb-3035	24	14	catalyst	catalyst	NOUN
ajbmeb-3035	24	15	for	for	ADP
ajbmeb-3035	24	16	regional	regional	ADJ
ajbmeb-3035	24	17	cooperation	cooperation	NOUN
ajbmeb-3035	24	18	.	.	PUNCT
ajbmeb-3035	25	1	the	the	DET
ajbmeb-3035	25	2	study	study	NOUN
ajbmeb-3035	25	3	assessed	assess	VERB
ajbmeb-3035	25	4	financial	financial	ADJ
ajbmeb-3035	25	5	integration	integration	NOUN
ajbmeb-3035	25	6	during	during	ADP
ajbmeb-3035	25	7	preand	preand	NOUN
ajbmeb-3035	25	8	post	post	ADJ
ajbmeb-3035	25	9	-	-	ADJ
ajbmeb-3035	25	10	crisis	crisis	ADJ
ajbmeb-3035	25	11	periods	period	NOUN
ajbmeb-3035	25	12	(	(	PUNCT
ajbmeb-3035	25	13	1980–1995	1980–1995	NUM
ajbmeb-3035	25	14	and	and	CCONJ
ajbmeb-3035	25	15	1998–2015	1998–2015	NUM
ajbmeb-3035	25	16	)	)	PUNCT
ajbmeb-3035	25	17	,	,	PUNCT
ajbmeb-3035	25	18	suggesting	suggest	VERB
ajbmeb-3035	25	19	that	that	SCONJ
ajbmeb-3035	25	20	each	each	DET
ajbmeb-3035	25	21	asian	asian	ADJ
ajbmeb-3035	25	22	country	country	NOUN
ajbmeb-3035	25	23	should	should	AUX
ajbmeb-3035	25	24	develop	develop	VERB
ajbmeb-3035	25	25	its	its	PRON
ajbmeb-3035	25	26	financial	financial	ADJ
ajbmeb-3035	25	27	integration	integration	NOUN
ajbmeb-3035	25	28	strategy	strategy	NOUN
ajbmeb-3035	25	29	by	by	ADP
ajbmeb-3035	25	30	learning	learn	VERB
ajbmeb-3035	25	31	from	from	ADP
ajbmeb-3035	25	32	the	the	DET
ajbmeb-3035	25	33	eu	eu	PROPN
ajbmeb-3035	25	34	's	's	PART
ajbmeb-3035	25	35	experience	experience	NOUN
ajbmeb-3035	25	36	.	.	PUNCT
ajbmeb-3035	26	1	[	[	X
ajbmeb-3035	26	2	7	7	X
ajbmeb-3035	26	3	]	]	X
ajbmeb-3035	26	4	k.	k.	NOUN
ajbmeb-3035	26	5	smimou	smimou	PROPN
ajbmeb-3035	26	6	and	and	CCONJ
ajbmeb-3035	26	7	v.	v.	ADP
ajbmeb-3035	26	8	hallouli	hallouli	NOUN
ajbmeb-3035	26	9	investigated	investigate	VERB
ajbmeb-3035	26	10	the	the	DET
ajbmeb-3035	26	11	dynamic	dynamic	ADJ
ajbmeb-3035	26	12	relationship	relationship	NOUN
ajbmeb-3035	26	13	between	between	ADP
ajbmeb-3035	26	14	stock	stock	NOUN
ajbmeb-3035	26	15	market	market	NOUN
ajbmeb-3035	26	16	liquidity	liquidity	NOUN
ajbmeb-3035	26	17	and	and	CCONJ
ajbmeb-3035	26	18	business	business	NOUN
ajbmeb-3035	26	19	cycles	cycle	NOUN
ajbmeb-3035	26	20	under	under	ADP
ajbmeb-3035	26	21	the	the	DET
ajbmeb-3035	26	22	influence	influence	NOUN
ajbmeb-3035	26	23	of	of	ADP
ajbmeb-3035	26	24	the	the	DET
ajbmeb-3035	26	25	euro	euro	PROPN
ajbmeb-3035	26	26	.	.	PUNCT
ajbmeb-3035	27	1	based	base	VERB
ajbmeb-3035	27	2	on	on	ADP
ajbmeb-3035	27	3	data	datum	NOUN
ajbmeb-3035	27	4	from	from	ADP
ajbmeb-3035	27	5	10	10	NUM
ajbmeb-3035	27	6	eurozone	eurozone	NOUN
ajbmeb-3035	27	7	countries	country	NOUN
ajbmeb-3035	27	8	and	and	CCONJ
ajbmeb-3035	27	9	the	the	DET
ajbmeb-3035	27	10	uk	uk	PROPN
ajbmeb-3035	27	11	,	,	PUNCT
ajbmeb-3035	27	12	the	the	DET
ajbmeb-3035	27	13	study	study	NOUN
ajbmeb-3035	27	14	found	find	VERB
ajbmeb-3035	27	15	that	that	SCONJ
ajbmeb-3035	27	16	post	post	ADJ
ajbmeb-3035	27	17	-	-	ADJ
ajbmeb-3035	27	18	euro	euro	ADJ
ajbmeb-3035	27	19	adoption	adoption	NOUN
ajbmeb-3035	27	20	,	,	PUNCT
ajbmeb-3035	27	21	liquidity	liquidity	NOUN
ajbmeb-3035	27	22	significantly	significantly	ADV
ajbmeb-3035	27	23	improved	improve	VERB
ajbmeb-3035	27	24	across	across	ADP
ajbmeb-3035	27	25	most	most	ADJ
ajbmeb-3035	27	26	countries	country	NOUN
ajbmeb-3035	27	27	,	,	PUNCT
ajbmeb-3035	27	28	aligning	align	VERB
ajbmeb-3035	27	29	with	with	ADP
ajbmeb-3035	27	30	periods	period	NOUN
ajbmeb-3035	27	31	of	of	ADP
ajbmeb-3035	27	32	high	high	ADJ
ajbmeb-3035	27	33	economic	economic	ADJ
ajbmeb-3035	27	34	growth	growth	NOUN
ajbmeb-3035	27	35	.	.	PUNCT
ajbmeb-3035	28	1	[	[	X
ajbmeb-3035	28	2	8	8	X
ajbmeb-3035	28	3	]	]	PUNCT
ajbmeb-3035	28	4	mihai	mihai	PROPN
ajbmeb-3035	28	5	nişoi	nişoi	PROPN
ajbmeb-3035	28	6	and	and	CCONJ
ajbmeb-3035	28	7	maria	maria	PROPN
ajbmeb-3035	28	8	miruna	miruna	PROPN
ajbmeb-3035	28	9	pochea	pochea	PROPN
ajbmeb-3035	28	10	analyzed	analyze	VERB
ajbmeb-3035	28	11	financial	financial	ADJ
ajbmeb-3035	28	12	market	market	NOUN
ajbmeb-3035	28	13	convergence	convergence	NOUN
ajbmeb-3035	28	14	in	in	ADP
ajbmeb-3035	28	15	central	central	ADJ
ajbmeb-3035	28	16	and	and	CCONJ
ajbmeb-3035	28	17	eastern	eastern	ADJ
ajbmeb-3035	28	18	europe	europe	PROPN
ajbmeb-3035	28	19	using	use	VERB
ajbmeb-3035	28	20	a	a	DET
ajbmeb-3035	28	21	nonlinear	nonlinear	ADJ
ajbmeb-3035	28	22	single	single	ADJ
ajbmeb-3035	28	23	-	-	PUNCT
ajbmeb-3035	28	24	factor	factor	NOUN
ajbmeb-3035	28	25	model	model	NOUN
ajbmeb-3035	28	26	(	(	PUNCT
ajbmeb-3035	28	27	phillips	phillip	NOUN
ajbmeb-3035	28	28	and	and	CCONJ
ajbmeb-3035	28	29	sul	sul	PROPN
ajbmeb-3035	28	30	,	,	PUNCT
ajbmeb-3035	28	31	2007	2007	NUM
ajbmeb-3035	28	32	)	)	PUNCT
ajbmeb-3035	28	33	.	.	PUNCT
ajbmeb-3035	29	1	their	their	PRON
ajbmeb-3035	29	2	findings	finding	NOUN
ajbmeb-3035	29	3	suggest	suggest	VERB
ajbmeb-3035	29	4	significant	significant	ADJ
ajbmeb-3035	29	5	divergence	divergence	NOUN
ajbmeb-3035	29	6	among	among	ADP
ajbmeb-3035	29	7	cee	cee	NOUN
ajbmeb-3035	29	8	countries	country	NOUN
ajbmeb-3035	29	9	’	'	PUNCT
ajbmeb-3035	29	10	financial	financial	ADJ
ajbmeb-3035	29	11	markets	market	NOUN
ajbmeb-3035	29	12	,	,	PUNCT
ajbmeb-3035	29	13	and	and	CCONJ
ajbmeb-3035	29	14	highlight	highlight	VERB
ajbmeb-3035	29	15	the	the	DET
ajbmeb-3035	29	16	need	need	NOUN
ajbmeb-3035	29	17	for	for	ADP
ajbmeb-3035	29	18	structural	structural	ADJ
ajbmeb-3035	29	19	reforms	reform	NOUN
ajbmeb-3035	29	20	to	to	PART
ajbmeb-3035	29	21	achieve	achieve	VERB
ajbmeb-3035	29	22	convergence	convergence	NOUN
ajbmeb-3035	29	23	.	.	PUNCT
ajbmeb-3035	30	1	[	[	X
ajbmeb-3035	30	2	9	9	NUM
ajbmeb-3035	30	3	]	]	PUNCT
ajbmeb-3035	30	4	nikolay	nikolay	NOUN
ajbmeb-3035	30	5	apergis	apergis	NOUN
ajbmeb-3035	30	6	,	,	PUNCT
ajbmeb-3035	30	7	kristina	kristina	PROPN
ajbmeb-3035	30	8	christou	christou	PROPN
ajbmeb-3035	30	9	,	,	PUNCT
ajbmeb-3035	30	10	and	and	CCONJ
ajbmeb-3035	30	11	iason	iason	PROPN
ajbmeb-3035	30	12	kynigakis	kynigakis	PROPN
ajbmeb-3035	30	13	studied	study	VERB
ajbmeb-3035	30	14	the	the	DET
ajbmeb-3035	30	15	link	link	NOUN
ajbmeb-3035	30	16	between	between	ADP
ajbmeb-3035	30	17	financial	financial	ADJ
ajbmeb-3035	30	18	market	market	NOUN
ajbmeb-3035	30	19	instability	instability	NOUN
ajbmeb-3035	30	20	in	in	ADP
ajbmeb-3035	30	21	the	the	DET
ajbmeb-3035	30	22	u.s	u.s	PROPN
ajbmeb-3035	30	23	.	.	PROPN
ajbmeb-3035	30	24	and	and	CCONJ
ajbmeb-3035	30	25	europe	europe	PROPN
ajbmeb-3035	30	26	during	during	ADP
ajbmeb-3035	30	27	the	the	DET
ajbmeb-3035	30	28	global	global	ADJ
ajbmeb-3035	30	29	financial	financial	ADJ
ajbmeb-3035	30	30	crisis	crisis	NOUN
ajbmeb-3035	30	31	using	use	VERB
ajbmeb-3035	30	32	credit	credit	NOUN
ajbmeb-3035	30	33	default	default	NOUN
ajbmeb-3035	30	34	swap	swap	NOUN
ajbmeb-3035	30	35	(	(	PUNCT
ajbmeb-3035	30	36	cds	cds	NOUN
ajbmeb-3035	30	37	)	)	PUNCT
ajbmeb-3035	30	38	data	datum	NOUN
ajbmeb-3035	30	39	.	.	PUNCT
ajbmeb-3035	31	1	using	use	VERB
ajbmeb-3035	31	2	correlation	correlation	NOUN
ajbmeb-3035	31	3	,	,	PUNCT
ajbmeb-3035	31	4	coskewness	coskewness	NOUN
ajbmeb-3035	31	5	,	,	PUNCT
ajbmeb-3035	31	6	cokurtosis	cokurtosis	NOUN
ajbmeb-3035	31	7	,	,	PUNCT
ajbmeb-3035	31	8	and	and	CCONJ
ajbmeb-3035	31	9	covolatility	covolatility	NOUN
ajbmeb-3035	31	10	measures	measure	NOUN
ajbmeb-3035	31	11	,	,	PUNCT
ajbmeb-3035	31	12	they	they	PRON
ajbmeb-3035	31	13	evaluated	evaluate	VERB
ajbmeb-3035	31	14	systemic	systemic	ADJ
ajbmeb-3035	31	15	risk	risk	NOUN
ajbmeb-3035	31	16	transmission	transmission	NOUN
ajbmeb-3035	31	17	across	across	ADP
ajbmeb-3035	31	18	banks	bank	NOUN
ajbmeb-3035	31	19	,	,	PUNCT
ajbmeb-3035	31	20	sovereigns	sovereign	NOUN
ajbmeb-3035	31	21	,	,	PUNCT
ajbmeb-3035	31	22	and	and	CCONJ
ajbmeb-3035	31	23	equity	equity	NOUN
ajbmeb-3035	31	24	indices	index	NOUN
ajbmeb-3035	31	25	.	.	PUNCT
ajbmeb-3035	32	1	[	[	X
ajbmeb-3035	32	2	10	10	NUM
ajbmeb-3035	32	3	]	]	X
ajbmeb-3035	32	4	american	american	ADJ
ajbmeb-3035	32	5	journal	journal	PROPN
ajbmeb-3035	32	6	of	of	ADP
ajbmeb-3035	32	7	business	business	NOUN
ajbmeb-3035	32	8	management	management	NOUN
ajbmeb-3035	32	9	,	,	PUNCT
ajbmeb-3035	32	10	economics	economic	NOUN
ajbmeb-3035	32	11	and	and	CCONJ
ajbmeb-3035	32	12	banking	banking	NOUN
ajbmeb-3035	32	13	volume	volume	NOUN
ajbmeb-3035	32	14	37	37	NUM
ajbmeb-3035	32	15	june2025	june2025	PROPN
ajbmeb-3035	32	16	p	p	NOUN
ajbmeb-3035	32	17	a	a	PRON
ajbmeb-3035	32	18	g	g	NOUN
ajbmeb-3035	32	19	e	e	NOUN
ajbmeb-3035	32	20	|	|	ADV
ajbmeb-3035	32	21	176	176	NUM
ajbmeb-3035	32	22	www.americanjournal.org	www.americanjournal.org	PROPN
ajbmeb-3035	32	23	jussi	jussi	PROPN
ajbmeb-3035	32	24	nikkinen	nikkinen	PROPN
ajbmeb-3035	32	25	,	,	PUNCT
ajbmeb-3035	32	26	vanja	vanja	PROPN
ajbmeb-3035	32	27	piljak	piljak	PROPN
ajbmeb-3035	32	28	,	,	PUNCT
ajbmeb-3035	32	29	and	and	CCONJ
ajbmeb-3035	32	30	timo	timo	PROPN
ajbmeb-3035	32	31	rothovius	rothovius	PROPN
ajbmeb-3035	32	32	explored	explore	VERB
ajbmeb-3035	32	33	the	the	DET
ajbmeb-3035	32	34	effects	effect	NOUN
ajbmeb-3035	32	35	of	of	ADP
ajbmeb-3035	32	36	the	the	DET
ajbmeb-3035	32	37	2008–2009	2008–2009	NUM
ajbmeb-3035	32	38	financial	financial	ADJ
ajbmeb-3035	32	39	crisis	crisis	NOUN
ajbmeb-3035	32	40	on	on	ADP
ajbmeb-3035	32	41	the	the	DET
ajbmeb-3035	32	42	internal	internal	ADJ
ajbmeb-3035	32	43	and	and	CCONJ
ajbmeb-3035	32	44	external	external	ADJ
ajbmeb-3035	32	45	linkages	linkage	NOUN
ajbmeb-3035	32	46	of	of	ADP
ajbmeb-3035	32	47	frontier	frontier	NOUN
ajbmeb-3035	32	48	european	european	ADJ
ajbmeb-3035	32	49	stock	stock	NOUN
ajbmeb-3035	32	50	markets	market	NOUN
ajbmeb-3035	32	51	(	(	PUNCT
ajbmeb-3035	32	52	e.g.	e.g.	ADV
ajbmeb-3035	32	53	,	,	PUNCT
ajbmeb-3035	32	54	croatia	croatia	PROPN
ajbmeb-3035	32	55	,	,	PUNCT
ajbmeb-3035	32	56	estonia	estonia	PROPN
ajbmeb-3035	32	57	,	,	PUNCT
ajbmeb-3035	32	58	romania	romania	PROPN
ajbmeb-3035	32	59	,	,	PUNCT
ajbmeb-3035	32	60	slovakia	slovakia	PROPN
ajbmeb-3035	32	61	,	,	PUNCT
ajbmeb-3035	32	62	and	and	CCONJ
ajbmeb-3035	32	63	slovenia	slovenia	PROPN
ajbmeb-3035	32	64	)	)	PUNCT
ajbmeb-3035	32	65	.	.	PUNCT
ajbmeb-3035	33	1	their	their	PRON
ajbmeb-3035	33	2	results	result	NOUN
ajbmeb-3035	33	3	indicate	indicate	VERB
ajbmeb-3035	33	4	strengthened	strengthen	VERB
ajbmeb-3035	33	5	external	external	ADJ
ajbmeb-3035	33	6	linkages	linkage	NOUN
ajbmeb-3035	33	7	during	during	ADP
ajbmeb-3035	33	8	the	the	DET
ajbmeb-3035	33	9	crisis	crisis	NOUN
ajbmeb-3035	33	10	and	and	CCONJ
ajbmeb-3035	33	11	identify	identify	VERB
ajbmeb-3035	33	12	limited	limited	ADJ
ajbmeb-3035	33	13	internal	internal	ADJ
ajbmeb-3035	33	14	linkages	linkage	NOUN
ajbmeb-3035	33	15	,	,	PUNCT
ajbmeb-3035	33	16	suggesting	suggest	VERB
ajbmeb-3035	33	17	potential	potential	NOUN
ajbmeb-3035	33	18	for	for	ADP
ajbmeb-3035	33	19	diversification	diversification	NOUN
ajbmeb-3035	33	20	within	within	ADP
ajbmeb-3035	33	21	these	these	DET
ajbmeb-3035	33	22	markets	market	NOUN
ajbmeb-3035	33	23	.	.	PUNCT
ajbmeb-3035	34	1	[	[	X
ajbmeb-3035	34	2	11	11	NUM
ajbmeb-3035	34	3	]	]	PUNCT
ajbmeb-3035	34	4	wojciech	wojciech	PROPN
ajbmeb-3035	34	5	grabowski	grabowski	PROPN
ajbmeb-3035	34	6	,	,	PUNCT
ajbmeb-3035	34	7	jakub	jakub	PROPN
ajbmeb-3035	34	8	janus	janus	PROPN
ajbmeb-3035	34	9	,	,	PUNCT
ajbmeb-3035	34	10	and	and	CCONJ
ajbmeb-3035	34	11	ewa	ewa	PROPN
ajbmeb-3035	34	12	stawasz	stawasz	NOUN
ajbmeb-3035	34	13	-	-	PUNCT
ajbmeb-3035	34	14	grabowska	grabowska	NOUN
ajbmeb-3035	34	15	examined	examine	VERB
ajbmeb-3035	34	16	the	the	DET
ajbmeb-3035	34	17	impact	impact	NOUN
ajbmeb-3035	34	18	of	of	ADP
ajbmeb-3035	34	19	macroeconomic	macroeconomic	ADJ
ajbmeb-3035	34	20	policies	policy	NOUN
ajbmeb-3035	34	21	and	and	CCONJ
ajbmeb-3035	34	22	international	international	ADJ
ajbmeb-3035	34	23	policy	policy	NOUN
ajbmeb-3035	34	24	spillovers	spillover	NOUN
ajbmeb-3035	34	25	on	on	ADP
ajbmeb-3035	34	26	financial	financial	ADJ
ajbmeb-3035	34	27	markets	market	NOUN
ajbmeb-3035	34	28	in	in	ADP
ajbmeb-3035	34	29	central	central	ADJ
ajbmeb-3035	34	30	europe	europe	PROPN
ajbmeb-3035	34	31	(	(	PUNCT
ajbmeb-3035	34	32	czech	czech	PROPN
ajbmeb-3035	34	33	republic	republic	PROPN
ajbmeb-3035	34	34	,	,	PUNCT
ajbmeb-3035	34	35	hungary	hungary	PROPN
ajbmeb-3035	34	36	,	,	PUNCT
ajbmeb-3035	34	37	and	and	CCONJ
ajbmeb-3035	34	38	poland	poland	PROPN
ajbmeb-3035	34	39	)	)	PUNCT
ajbmeb-3035	34	40	during	during	ADP
ajbmeb-3035	34	41	the	the	DET
ajbmeb-3035	34	42	covid-19	covid-19	PROPN
ajbmeb-3035	34	43	pandemic	pandemic	NOUN
ajbmeb-3035	34	44	.	.	PUNCT
ajbmeb-3035	35	1	their	their	PRON
ajbmeb-3035	35	2	research	research	NOUN
ajbmeb-3035	35	3	revealed	reveal	VERB
ajbmeb-3035	35	4	that	that	SCONJ
ajbmeb-3035	35	5	unconventional	unconventional	ADJ
ajbmeb-3035	35	6	monetary	monetary	ADJ
ajbmeb-3035	35	7	policies	policy	NOUN
ajbmeb-3035	35	8	and	and	CCONJ
ajbmeb-3035	35	9	fiscal	fiscal	ADJ
ajbmeb-3035	35	10	stimulus	stimulus	NOUN
ajbmeb-3035	35	11	played	play	VERB
ajbmeb-3035	35	12	a	a	DET
ajbmeb-3035	35	13	key	key	ADJ
ajbmeb-3035	35	14	role	role	NOUN
ajbmeb-3035	35	15	in	in	ADP
ajbmeb-3035	35	16	stabilizing	stabilize	VERB
ajbmeb-3035	35	17	financial	financial	ADJ
ajbmeb-3035	35	18	markets	market	NOUN
ajbmeb-3035	35	19	,	,	PUNCT
ajbmeb-3035	35	20	especially	especially	ADV
ajbmeb-3035	35	21	long	long	ADJ
ajbmeb-3035	35	22	-	-	PUNCT
ajbmeb-3035	35	23	term	term	NOUN
ajbmeb-3035	35	24	sovereign	sovereign	ADJ
ajbmeb-3035	35	25	bond	bond	NOUN
ajbmeb-3035	35	26	yields	yield	NOUN
ajbmeb-3035	35	27	.	.	PUNCT
ajbmeb-3035	36	1	[	[	X
ajbmeb-3035	36	2	12	12	NUM
ajbmeb-3035	36	3	]	]	X
ajbmeb-3035	36	4	shihong	shihong	PROPN
ajbmeb-3035	36	5	zeng	zeng	PROPN
ajbmeb-3035	36	6	,	,	PUNCT
ajbmeb-3035	36	7	jingmin	jingmin	PROPN
ajbmeb-3035	36	8	jia	jia	PROPN
ajbmeb-3035	36	9	,	,	PUNCT
ajbmeb-3035	36	10	bin	bin	PROPN
ajbmeb-3035	36	11	su	su	PROPN
ajbmeb-3035	36	12	,	,	PUNCT
ajbmeb-3035	36	13	chunxia	chunxia	PROPN
ajbmeb-3035	36	14	jiang	jiang	PROPN
ajbmeb-3035	36	15	,	,	PUNCT
ajbmeb-3035	36	16	and	and	CCONJ
ajbmeb-3035	36	17	guowang	guowang	PROPN
ajbmeb-3035	36	18	zeng	zeng	PROPN
ajbmeb-3035	36	19	studied	study	VERB
ajbmeb-3035	36	20	volatility	volatility	NOUN
ajbmeb-3035	36	21	spillovers	spillover	NOUN
ajbmeb-3035	36	22	in	in	ADP
ajbmeb-3035	36	23	the	the	DET
ajbmeb-3035	36	24	european	european	PROPN
ajbmeb-3035	36	25	union	union	PROPN
ajbmeb-3035	36	26	carbon	carbon	NOUN
ajbmeb-3035	36	27	finance	finance	NOUN
ajbmeb-3035	36	28	markets	market	NOUN
ajbmeb-3035	36	29	.	.	PUNCT
ajbmeb-3035	37	1	their	their	PRON
ajbmeb-3035	37	2	findings	finding	NOUN
ajbmeb-3035	37	3	offer	offer	VERB
ajbmeb-3035	37	4	deeper	deep	ADJ
ajbmeb-3035	37	5	insights	insight	NOUN
ajbmeb-3035	37	6	for	for	ADP
ajbmeb-3035	37	7	investors	investor	NOUN
ajbmeb-3035	37	8	and	and	CCONJ
ajbmeb-3035	37	9	carbon	carbon	NOUN
ajbmeb-3035	37	10	market	market	NOUN
ajbmeb-3035	37	11	operators	operator	NOUN
ajbmeb-3035	37	12	into	into	ADP
ajbmeb-3035	37	13	the	the	DET
ajbmeb-3035	37	14	transmission	transmission	NOUN
ajbmeb-3035	37	15	of	of	ADP
ajbmeb-3035	37	16	information	information	NOUN
ajbmeb-3035	37	17	and	and	CCONJ
ajbmeb-3035	37	18	risks	risk	NOUN
ajbmeb-3035	37	19	between	between	ADP
ajbmeb-3035	37	20	the	the	DET
ajbmeb-3035	37	21	eu	eu	PROPN
ajbmeb-3035	37	22	allowance	allowance	PROPN
ajbmeb-3035	37	23	(	(	PUNCT
ajbmeb-3035	37	24	eua	eua	PROPN
ajbmeb-3035	37	25	)	)	PUNCT
ajbmeb-3035	37	26	and	and	CCONJ
ajbmeb-3035	37	27	certified	certified	ADJ
ajbmeb-3035	37	28	emission	emission	NOUN
ajbmeb-3035	37	29	reduction	reduction	NOUN
ajbmeb-3035	37	30	(	(	PUNCT
ajbmeb-3035	37	31	cer	cer	NOUN
ajbmeb-3035	37	32	)	)	PUNCT
ajbmeb-3035	37	33	markets	market	NOUN
ajbmeb-3035	37	34	,	,	PUNCT
ajbmeb-3035	37	35	thereby	thereby	ADV
ajbmeb-3035	37	36	supporting	support	VERB
ajbmeb-3035	37	37	investment	investment	NOUN
ajbmeb-3035	37	38	decisions	decision	NOUN
ajbmeb-3035	37	39	and	and	CCONJ
ajbmeb-3035	37	40	policymaking	policymaking	NOUN
ajbmeb-3035	37	41	.	.	PUNCT
ajbmeb-3035	38	1	[	[	X
ajbmeb-3035	38	2	13	13	NUM
ajbmeb-3035	38	3	]	]	PUNCT
ajbmeb-3035	38	4	research	research	NOUN
ajbmeb-3035	38	5	methodology	methodology	NOUN
ajbmeb-3035	38	6	in	in	ADP
ajbmeb-3035	38	7	the	the	DET
ajbmeb-3035	38	8	process	process	NOUN
ajbmeb-3035	38	9	of	of	ADP
ajbmeb-3035	38	10	scientifically	scientifically	ADV
ajbmeb-3035	38	11	studying	study	VERB
ajbmeb-3035	38	12	,	,	PUNCT
ajbmeb-3035	38	13	analyzing	analyze	VERB
ajbmeb-3035	38	14	,	,	PUNCT
ajbmeb-3035	38	15	and	and	CCONJ
ajbmeb-3035	38	16	researching	research	VERB
ajbmeb-3035	38	17	the	the	DET
ajbmeb-3035	38	18	topic	topic	NOUN
ajbmeb-3035	38	19	,	,	PUNCT
ajbmeb-3035	38	20	methods	method	NOUN
ajbmeb-3035	38	21	such	such	ADJ
ajbmeb-3035	38	22	as	as	ADP
ajbmeb-3035	38	23	induction	induction	NOUN
ajbmeb-3035	38	24	and	and	CCONJ
ajbmeb-3035	38	25	deduction	deduction	NOUN
ajbmeb-3035	38	26	,	,	PUNCT
ajbmeb-3035	38	27	systematic	systematic	ADJ
ajbmeb-3035	38	28	analysis	analysis	NOUN
ajbmeb-3035	38	29	,	,	PUNCT
ajbmeb-3035	38	30	statistical	statistical	ADJ
ajbmeb-3035	38	31	analysis	analysis	NOUN
ajbmeb-3035	38	32	,	,	PUNCT
ajbmeb-3035	38	33	and	and	CCONJ
ajbmeb-3035	38	34	scientific	scientific	ADJ
ajbmeb-3035	38	35	abstraction	abstraction	NOUN
ajbmeb-3035	38	36	were	be	AUX
ajbmeb-3035	38	37	thoroughly	thoroughly	ADV
ajbmeb-3035	38	38	employed	employ	VERB
ajbmeb-3035	38	39	.	.	PUNCT
ajbmeb-3035	39	1	in	in	ADP
ajbmeb-3035	39	2	particular	particular	ADJ
ajbmeb-3035	39	3	,	,	PUNCT
ajbmeb-3035	39	4	based	base	VERB
ajbmeb-3035	39	5	on	on	ADP
ajbmeb-3035	39	6	the	the	DET
ajbmeb-3035	39	7	method	method	NOUN
ajbmeb-3035	39	8	of	of	ADP
ajbmeb-3035	39	9	scientific	scientific	ADJ
ajbmeb-3035	39	10	abstraction	abstraction	NOUN
ajbmeb-3035	39	11	,	,	PUNCT
ajbmeb-3035	39	12	conclusions	conclusion	NOUN
ajbmeb-3035	39	13	were	be	AUX
ajbmeb-3035	39	14	drawn	draw	VERB
ajbmeb-3035	39	15	regarding	regard	VERB
ajbmeb-3035	39	16	the	the	DET
ajbmeb-3035	39	17	formation	formation	NOUN
ajbmeb-3035	39	18	of	of	ADP
ajbmeb-3035	39	19	the	the	DET
ajbmeb-3035	39	20	euro	euro	NOUN
ajbmeb-3035	39	21	-	-	PUNCT
ajbmeb-3035	39	22	market	market	NOUN
ajbmeb-3035	39	23	under	under	ADP
ajbmeb-3035	39	24	the	the	DET
ajbmeb-3035	39	25	conditions	condition	NOUN
ajbmeb-3035	39	26	of	of	ADP
ajbmeb-3035	39	27	financial	financial	ADJ
ajbmeb-3035	39	28	integration	integration	NOUN
ajbmeb-3035	39	29	within	within	ADP
ajbmeb-3035	39	30	the	the	DET
ajbmeb-3035	39	31	european	european	PROPN
ajbmeb-3035	39	32	union	union	PROPN
ajbmeb-3035	39	33	.	.	PUNCT
ajbmeb-3035	40	1	in	in	ADP
ajbmeb-3035	40	2	accordance	accordance	NOUN
ajbmeb-3035	40	3	with	with	ADP
ajbmeb-3035	40	4	these	these	DET
ajbmeb-3035	40	5	conclusions	conclusion	NOUN
ajbmeb-3035	40	6	,	,	PUNCT
ajbmeb-3035	40	7	scientific	scientific	ADJ
ajbmeb-3035	40	8	proposals	proposal	NOUN
ajbmeb-3035	40	9	and	and	CCONJ
ajbmeb-3035	40	10	practical	practical	ADJ
ajbmeb-3035	40	11	recommendations	recommendation	NOUN
ajbmeb-3035	40	12	were	be	AUX
ajbmeb-3035	40	13	developed	develop	VERB
ajbmeb-3035	40	14	aimed	aim	VERB
ajbmeb-3035	40	15	at	at	ADP
ajbmeb-3035	40	16	ensuring	ensure	VERB
ajbmeb-3035	40	17	the	the	DET
ajbmeb-3035	40	18	sustainable	sustainable	ADJ
ajbmeb-3035	40	19	development	development	NOUN
ajbmeb-3035	40	20	of	of	ADP
ajbmeb-3035	40	21	the	the	DET
ajbmeb-3035	40	22	financial	financial	ADJ
ajbmeb-3035	40	23	market	market	NOUN
ajbmeb-3035	40	24	in	in	ADP
ajbmeb-3035	40	25	our	our	PRON
ajbmeb-3035	40	26	country	country	NOUN
ajbmeb-3035	40	27	.	.	PUNCT
ajbmeb-3035	41	1	analysis	analysis	NOUN
ajbmeb-3035	41	2	and	and	CCONJ
ajbmeb-3035	41	3	results	result	NOUN
ajbmeb-3035	41	4	according	accord	VERB
ajbmeb-3035	41	5	to	to	ADP
ajbmeb-3035	41	6	our	our	PRON
ajbmeb-3035	41	7	research	research	NOUN
ajbmeb-3035	41	8	,	,	PUNCT
ajbmeb-3035	41	9	the	the	DET
ajbmeb-3035	41	10	global	global	ADJ
ajbmeb-3035	41	11	loan	loan	NOUN
ajbmeb-3035	41	12	capital	capital	NOUN
ajbmeb-3035	41	13	market	market	NOUN
ajbmeb-3035	41	14	is	be	AUX
ajbmeb-3035	41	15	represented	represent	VERB
ajbmeb-3035	41	16	by	by	ADP
ajbmeb-3035	41	17	the	the	DET
ajbmeb-3035	41	18	euro	euro	NOUN
ajbmeb-3035	41	19	-	-	PUNCT
ajbmeb-3035	41	20	market	market	NOUN
ajbmeb-3035	41	21	,	,	PUNCT
ajbmeb-3035	41	22	which	which	PRON
ajbmeb-3035	41	23	includes	include	VERB
ajbmeb-3035	41	24	eurocurrencies	eurocurrency	NOUN
ajbmeb-3035	41	25	and	and	CCONJ
ajbmeb-3035	41	26	mediumand	mediumand	NOUN
ajbmeb-3035	41	27	long	long	ADJ
ajbmeb-3035	41	28	-	-	PUNCT
ajbmeb-3035	41	29	term	term	NOUN
ajbmeb-3035	41	30	eurocredit	eurocredit	NOUN
ajbmeb-3035	41	31	markets	market	NOUN
ajbmeb-3035	41	32	(	(	PUNCT
ajbmeb-3035	41	33	see	see	VERB
ajbmeb-3035	41	34	figure	figure	NOUN
ajbmeb-3035	41	35	)	)	PUNCT
ajbmeb-3035	41	36	.	.	PUNCT
ajbmeb-3035	42	1	the	the	DET
ajbmeb-3035	42	2	first	first	ADJ
ajbmeb-3035	42	3	eurodollars	eurodollar	NOUN
ajbmeb-3035	42	4	appeared	appear	VERB
ajbmeb-3035	42	5	in	in	ADP
ajbmeb-3035	42	6	the	the	DET
ajbmeb-3035	42	7	late	late	ADJ
ajbmeb-3035	42	8	1950s	1950s	NUM
ajbmeb-3035	42	9	,	,	PUNCT
ajbmeb-3035	42	10	based	base	VERB
ajbmeb-3035	42	11	on	on	ADP
ajbmeb-3035	42	12	interbank	interbank	NOUN
ajbmeb-3035	42	13	correspondent	correspondent	NOUN
ajbmeb-3035	42	14	relations	relation	NOUN
ajbmeb-3035	42	15	,	,	PUNCT
ajbmeb-3035	42	16	when	when	SCONJ
ajbmeb-3035	42	17	the	the	DET
ajbmeb-3035	42	18	holder	holder	NOUN
ajbmeb-3035	42	19	of	of	ADP
ajbmeb-3035	42	20	a	a	DET
ajbmeb-3035	42	21	deposit	deposit	NOUN
ajbmeb-3035	42	22	in	in	ADP
ajbmeb-3035	42	23	us	us	PROPN
ajbmeb-3035	42	24	dollars	dollar	NOUN
ajbmeb-3035	42	25	transferred	transfer	VERB
ajbmeb-3035	42	26	their	their	PRON
ajbmeb-3035	42	27	deposit	deposit	NOUN
ajbmeb-3035	42	28	from	from	ADP
ajbmeb-3035	42	29	an	an	DET
ajbmeb-3035	42	30	american	american	PROPN
ajbmeb-3035	42	31	bank	bank	PROPN
ajbmeb-3035	42	32	to	to	ADP
ajbmeb-3035	42	33	a	a	DET
ajbmeb-3035	42	34	foreign	foreign	ADJ
ajbmeb-3035	42	35	bank	bank	NOUN
ajbmeb-3035	42	36	.	.	PUNCT
ajbmeb-3035	43	1	in	in	ADP
ajbmeb-3035	43	2	practice	practice	NOUN
ajbmeb-3035	43	3	,	,	PUNCT
ajbmeb-3035	43	4	this	this	PRON
ajbmeb-3035	43	5	gave	give	VERB
ajbmeb-3035	43	6	rise	rise	NOUN
ajbmeb-3035	43	7	to	to	ADP
ajbmeb-3035	43	8	eurodollars	eurodollar	NOUN
ajbmeb-3035	43	9	.	.	PUNCT
ajbmeb-3035	44	1	the	the	DET
ajbmeb-3035	44	2	transformation	transformation	NOUN
ajbmeb-3035	44	3	of	of	ADP
ajbmeb-3035	44	4	us	us	PROPN
ajbmeb-3035	44	5	dollars	dollar	NOUN
ajbmeb-3035	44	6	into	into	ADP
ajbmeb-3035	44	7	eurodollars	eurodollar	NOUN
ajbmeb-3035	44	8	is	be	AUX
ajbmeb-3035	44	9	characterized	characterize	VERB
ajbmeb-3035	44	10	by	by	ADP
ajbmeb-3035	44	11	the	the	DET
ajbmeb-3035	44	12	fact	fact	NOUN
ajbmeb-3035	44	13	that	that	SCONJ
ajbmeb-3035	44	14	deposits	deposit	NOUN
ajbmeb-3035	44	15	denominated	denominate	VERB
ajbmeb-3035	44	16	in	in	ADP
ajbmeb-3035	44	17	us	us	PROPN
ajbmeb-3035	44	18	dollars	dollar	NOUN
ajbmeb-3035	44	19	placed	place	VERB
ajbmeb-3035	44	20	in	in	ADP
ajbmeb-3035	44	21	foreign	foreign	ADJ
ajbmeb-3035	44	22	banks	bank	NOUN
ajbmeb-3035	44	23	can	can	AUX
ajbmeb-3035	44	24	be	be	AUX
ajbmeb-3035	44	25	used	use	VERB
ajbmeb-3035	44	26	as	as	ADP
ajbmeb-3035	44	27	credit	credit	NOUN
ajbmeb-3035	44	28	resources	resource	NOUN
ajbmeb-3035	44	29	in	in	ADP
ajbmeb-3035	44	30	all	all	DET
ajbmeb-3035	44	31	countries	country	NOUN
ajbmeb-3035	44	32	except	except	SCONJ
ajbmeb-3035	44	33	the	the	DET
ajbmeb-3035	44	34	united	united	PROPN
ajbmeb-3035	44	35	states	states	PROPN
ajbmeb-3035	44	36	.	.	PUNCT
ajbmeb-3035	45	1	from	from	ADP
ajbmeb-3035	45	2	the	the	DET
ajbmeb-3035	45	3	1960s	1960	NOUN
ajbmeb-3035	45	4	onwards	onwards	ADV
ajbmeb-3035	45	5	,	,	PUNCT
ajbmeb-3035	45	6	the	the	DET
ajbmeb-3035	45	7	eurocurrency	eurocurrency	NOUN
ajbmeb-3035	45	8	market	market	NOUN
ajbmeb-3035	45	9	began	begin	VERB
ajbmeb-3035	45	10	to	to	PART
ajbmeb-3035	45	11	include	include	VERB
ajbmeb-3035	45	12	not	not	PART
ajbmeb-3035	45	13	only	only	ADV
ajbmeb-3035	45	14	the	the	DET
ajbmeb-3035	45	15	us	us	PROPN
ajbmeb-3035	45	16	dollar	dollar	NOUN
ajbmeb-3035	45	17	,	,	PUNCT
ajbmeb-3035	45	18	but	but	CCONJ
ajbmeb-3035	45	19	also	also	ADV
ajbmeb-3035	45	20	the	the	DET
ajbmeb-3035	45	21	currencies	currency	NOUN
ajbmeb-3035	45	22	of	of	ADP
ajbmeb-3035	45	23	other	other	ADJ
ajbmeb-3035	45	24	leading	lead	VERB
ajbmeb-3035	45	25	countries	country	NOUN
ajbmeb-3035	45	26	in	in	ADP
ajbmeb-3035	45	27	the	the	DET
ajbmeb-3035	45	28	global	global	ADJ
ajbmeb-3035	45	29	economy	economy	NOUN
ajbmeb-3035	45	30	.	.	PUNCT
ajbmeb-3035	46	1	in	in	ADP
ajbmeb-3035	46	2	our	our	PRON
ajbmeb-3035	46	3	opinion	opinion	NOUN
ajbmeb-3035	46	4	,	,	PUNCT
ajbmeb-3035	46	5	the	the	DET
ajbmeb-3035	46	6	eurocurrency	eurocurrency	NOUN
ajbmeb-3035	46	7	market	market	NOUN
ajbmeb-3035	46	8	has	have	AUX
ajbmeb-3035	46	9	developed	develop	VERB
ajbmeb-3035	46	10	due	due	ADP
ajbmeb-3035	46	11	to	to	ADP
ajbmeb-3035	46	12	the	the	DET
ajbmeb-3035	46	13	following	following	ADJ
ajbmeb-3035	46	14	factors	factor	NOUN
ajbmeb-3035	46	15	:	:	PUNCT
ajbmeb-3035	46	16	–	–	PUNCT
ajbmeb-3035	46	17	the	the	DET
ajbmeb-3035	46	18	provision	provision	NOUN
ajbmeb-3035	46	19	of	of	ADP
ajbmeb-3035	46	20	large	large	ADJ
ajbmeb-3035	46	21	-	-	PUNCT
ajbmeb-3035	46	22	scale	scale	NOUN
ajbmeb-3035	46	23	international	international	ADJ
ajbmeb-3035	46	24	loans	loan	NOUN
ajbmeb-3035	46	25	by	by	ADP
ajbmeb-3035	46	26	the	the	DET
ajbmeb-3035	46	27	united	united	PROPN
ajbmeb-3035	46	28	states	states	PROPN
ajbmeb-3035	46	29	after	after	ADP
ajbmeb-3035	46	30	world	world	PROPN
ajbmeb-3035	46	31	war	war	PROPN
ajbmeb-3035	46	32	ii	ii	PROPN
ajbmeb-3035	46	33	to	to	PART
ajbmeb-3035	46	34	restore	restore	VERB
ajbmeb-3035	46	35	economic	economic	ADJ
ajbmeb-3035	46	36	conditions	condition	NOUN
ajbmeb-3035	46	37	and	and	CCONJ
ajbmeb-3035	46	38	stimulate	stimulate	VERB
ajbmeb-3035	46	39	the	the	DET
ajbmeb-3035	46	40	development	development	NOUN
ajbmeb-3035	46	41	of	of	ADP
ajbmeb-3035	46	42	national	national	ADJ
ajbmeb-3035	46	43	economies	economy	NOUN
ajbmeb-3035	46	44	in	in	ADP
ajbmeb-3035	46	45	europe	europe	PROPN
ajbmeb-3035	46	46	and	and	CCONJ
ajbmeb-3035	46	47	other	other	ADJ
ajbmeb-3035	46	48	regions	region	NOUN
ajbmeb-3035	46	49	of	of	ADP
ajbmeb-3035	46	50	the	the	DET
ajbmeb-3035	46	51	world	world	NOUN
ajbmeb-3035	46	52	,	,	PUNCT
ajbmeb-3035	46	53	which	which	PRON
ajbmeb-3035	46	54	led	lead	VERB
ajbmeb-3035	46	55	to	to	ADP
ajbmeb-3035	46	56	an	an	DET
ajbmeb-3035	46	57	increase	increase	NOUN
ajbmeb-3035	46	58	in	in	ADP
ajbmeb-3035	46	59	the	the	DET
ajbmeb-3035	46	60	positive	positive	ADJ
ajbmeb-3035	46	61	balance	balance	NOUN
ajbmeb-3035	46	62	of	of	ADP
ajbmeb-3035	46	63	payments	payment	NOUN
ajbmeb-3035	46	64	in	in	ADP
ajbmeb-3035	46	65	european	european	ADJ
ajbmeb-3035	46	66	countries	country	NOUN
ajbmeb-3035	46	67	and	and	CCONJ
ajbmeb-3035	46	68	the	the	DET
ajbmeb-3035	46	69	accumulation	accumulation	NOUN
ajbmeb-3035	46	70	of	of	ADP
ajbmeb-3035	46	71	eurodollars	eurodollar	NOUN
ajbmeb-3035	46	72	in	in	ADP
ajbmeb-3035	46	73	the	the	DET
ajbmeb-3035	46	74	region	region	NOUN
ajbmeb-3035	46	75	;	;	PUNCT
ajbmeb-3035	46	76	–	–	PUNCT
ajbmeb-3035	46	77	 	 	SPACE
ajbmeb-3035	46	78	as	as	ADP
ajbmeb-3035	46	79	a	a	DET
ajbmeb-3035	46	80	result	result	NOUN
ajbmeb-3035	46	81	of	of	ADP
ajbmeb-3035	46	82	the	the	DET
ajbmeb-3035	46	83	decline	decline	NOUN
ajbmeb-3035	46	84	in	in	ADP
ajbmeb-3035	46	85	interest	interest	NOUN
ajbmeb-3035	46	86	rates	rate	NOUN
ajbmeb-3035	46	87	in	in	ADP
ajbmeb-3035	46	88	the	the	DET
ajbmeb-3035	46	89	united	united	PROPN
ajbmeb-3035	46	90	states	states	PROPN
ajbmeb-3035	46	91	in	in	ADP
ajbmeb-3035	46	92	1957	1957	NUM
ajbmeb-3035	46	93	and	and	CCONJ
ajbmeb-3035	46	94	the	the	DET
ajbmeb-3035	46	95	suspension	suspension	NOUN
ajbmeb-3035	46	96	of	of	ADP
ajbmeb-3035	46	97	interest	interest	NOUN
ajbmeb-3035	46	98	payments	payment	NOUN
ajbmeb-3035	46	99	on	on	ADP
ajbmeb-3035	46	100	demand	demand	NOUN
ajbmeb-3035	46	101	and	and	CCONJ
ajbmeb-3035	46	102	30	30	NUM
ajbmeb-3035	46	103	-	-	PUNCT
ajbmeb-3035	46	104	day	day	NOUN
ajbmeb-3035	46	105	deposits	deposit	NOUN
ajbmeb-3035	46	106	,	,	PUNCT
ajbmeb-3035	46	107	many	many	ADJ
ajbmeb-3035	46	108	investors	investor	NOUN
ajbmeb-3035	46	109	preferred	prefer	VERB
ajbmeb-3035	46	110	to	to	PART
ajbmeb-3035	46	111	place	place	VERB
ajbmeb-3035	46	112	their	their	PRON
ajbmeb-3035	46	113	us	us	PROPN
ajbmeb-3035	46	114	dollar	dollar	NOUN
ajbmeb-3035	46	115	funds	fund	NOUN
ajbmeb-3035	46	116	in	in	ADP
ajbmeb-3035	46	117	banks	bank	NOUN
ajbmeb-3035	46	118	abroad	abroad	ADV
ajbmeb-3035	46	119	.	.	PUNCT
ajbmeb-3035	47	1	in	in	ADP
ajbmeb-3035	47	2	addition	addition	NOUN
ajbmeb-3035	47	3	,	,	PUNCT
ajbmeb-3035	47	4	the	the	DET
ajbmeb-3035	47	5	united	united	PROPN
ajbmeb-3035	47	6	kingdom	kingdom	PROPN
ajbmeb-3035	47	7	imposed	impose	VERB
ajbmeb-3035	47	8	strict	strict	ADJ
ajbmeb-3035	47	9	controls	control	NOUN
ajbmeb-3035	47	10	on	on	ADP
ajbmeb-3035	47	11	lending	lending	NOUN
ajbmeb-3035	47	12	in	in	ADP
ajbmeb-3035	47	13	pounds	pound	NOUN
ajbmeb-3035	47	14	sterling	sterling	PROPN
ajbmeb-3035	47	15	american	american	PROPN
ajbmeb-3035	47	16	journal	journal	PROPN
ajbmeb-3035	47	17	of	of	ADP
ajbmeb-3035	47	18	business	business	NOUN
ajbmeb-3035	47	19	management	management	NOUN
ajbmeb-3035	47	20	,	,	PUNCT
ajbmeb-3035	47	21	economics	economic	NOUN
ajbmeb-3035	47	22	and	and	CCONJ
ajbmeb-3035	47	23	banking	banking	NOUN
ajbmeb-3035	47	24	volume	volume	NOUN
ajbmeb-3035	47	25	37	37	NUM
ajbmeb-3035	47	26	june2025	june2025	PROPN
ajbmeb-3035	47	27	p	p	NOUN
ajbmeb-3035	47	28	a	a	DET
ajbmeb-3035	47	29	g	g	NOUN
ajbmeb-3035	47	30	e	e	NOUN
ajbmeb-3035	47	31	|	|	ADV
ajbmeb-3035	47	32	177	177	NUM
ajbmeb-3035	47	33	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-3035	47	34	to	to	ADP
ajbmeb-3035	47	35	non	non	NOUN
ajbmeb-3035	47	36	-	-	NOUN
ajbmeb-3035	47	37	residents	resident	NOUN
ajbmeb-3035	47	38	to	to	PART
ajbmeb-3035	47	39	improve	improve	VERB
ajbmeb-3035	47	40	its	its	PRON
ajbmeb-3035	47	41	balance	balance	NOUN
ajbmeb-3035	47	42	of	of	ADP
ajbmeb-3035	47	43	payments	payment	NOUN
ajbmeb-3035	47	44	,	,	PUNCT
ajbmeb-3035	47	45	which	which	PRON
ajbmeb-3035	47	46	led	lead	VERB
ajbmeb-3035	47	47	british	british	ADJ
ajbmeb-3035	47	48	banks	bank	NOUN
ajbmeb-3035	47	49	to	to	PART
ajbmeb-3035	47	50	intensify	intensify	VERB
ajbmeb-3035	47	51	their	their	PRON
ajbmeb-3035	47	52	financing	financing	NOUN
ajbmeb-3035	47	53	operations	operation	NOUN
ajbmeb-3035	47	54	in	in	ADP
ajbmeb-3035	47	55	us	us	PROPN
ajbmeb-3035	47	56	dollars	dollar	NOUN
ajbmeb-3035	47	57	;	;	PUNCT
ajbmeb-3035	47	58	–	–	PUNCT
ajbmeb-3035	47	59	 	 	SPACE
ajbmeb-3035	47	60	in	in	ADP
ajbmeb-3035	47	61	the	the	DET
ajbmeb-3035	47	62	1950s–1960s	1950s–1960s	NUM
ajbmeb-3035	47	63	,	,	PUNCT
ajbmeb-3035	47	64	the	the	DET
ajbmeb-3035	47	65	introduction	introduction	NOUN
ajbmeb-3035	47	66	of	of	ADP
ajbmeb-3035	47	67	free	free	ADJ
ajbmeb-3035	47	68	convertibility	convertibility	NOUN
ajbmeb-3035	47	69	of	of	ADP
ajbmeb-3035	47	70	leading	lead	VERB
ajbmeb-3035	47	71	global	global	ADJ
ajbmeb-3035	47	72	currencies	currency	NOUN
ajbmeb-3035	47	73	and	and	CCONJ
ajbmeb-3035	47	74	the	the	DET
ajbmeb-3035	47	75	liberalization	liberalization	NOUN
ajbmeb-3035	47	76	of	of	ADP
ajbmeb-3035	47	77	national	national	ADJ
ajbmeb-3035	47	78	legislation	legislation	NOUN
ajbmeb-3035	47	79	in	in	ADP
ajbmeb-3035	47	80	various	various	ADJ
ajbmeb-3035	47	81	countries	country	NOUN
ajbmeb-3035	47	82	encouraged	encourage	VERB
ajbmeb-3035	47	83	local	local	ADJ
ajbmeb-3035	47	84	banks	bank	NOUN
ajbmeb-3035	47	85	and	and	CCONJ
ajbmeb-3035	47	86	firms	firm	NOUN
ajbmeb-3035	47	87	to	to	PART
ajbmeb-3035	47	88	deposit	deposit	VERB
ajbmeb-3035	47	89	their	their	PRON
ajbmeb-3035	47	90	funds	fund	NOUN
ajbmeb-3035	47	91	in	in	ADP
ajbmeb-3035	47	92	foreign	foreign	ADJ
ajbmeb-3035	47	93	banks	bank	NOUN
ajbmeb-3035	47	94	for	for	ADP
ajbmeb-3035	47	95	profit	profit	NOUN
ajbmeb-3035	47	96	-	-	PUNCT
ajbmeb-3035	47	97	making	make	VERB
ajbmeb-3035	47	98	purposes	purpose	NOUN
ajbmeb-3035	47	99	;	;	PUNCT
ajbmeb-3035	47	100	–	–	PUNCT
ajbmeb-3035	47	101	 	 	SPACE
ajbmeb-3035	47	102	in	in	ADP
ajbmeb-3035	47	103	the	the	DET
ajbmeb-3035	47	104	1970s	1970	NOUN
ajbmeb-3035	47	105	,	,	PUNCT
ajbmeb-3035	47	106	due	due	ADP
ajbmeb-3035	47	107	to	to	ADP
ajbmeb-3035	47	108	the	the	DET
ajbmeb-3035	47	109	rise	rise	NOUN
ajbmeb-3035	47	110	in	in	ADP
ajbmeb-3035	47	111	oil	oil	NOUN
ajbmeb-3035	47	112	prices	price	NOUN
ajbmeb-3035	47	113	,	,	PUNCT
ajbmeb-3035	47	114	oil	oil	NOUN
ajbmeb-3035	47	115	-	-	PUNCT
ajbmeb-3035	47	116	producing	produce	VERB
ajbmeb-3035	47	117	and	and	CCONJ
ajbmeb-3035	47	118	exporting	export	VERB
ajbmeb-3035	47	119	countries	country	NOUN
ajbmeb-3035	47	120	accumulated	accumulate	VERB
ajbmeb-3035	47	121	large	large	ADJ
ajbmeb-3035	47	122	amounts	amount	NOUN
ajbmeb-3035	47	123	of	of	ADP
ajbmeb-3035	47	124	us	us	PROPN
ajbmeb-3035	47	125	dollars	dollar	NOUN
ajbmeb-3035	47	126	,	,	PUNCT
ajbmeb-3035	47	127	which	which	PRON
ajbmeb-3035	47	128	were	be	AUX
ajbmeb-3035	47	129	placed	place	VERB
ajbmeb-3035	47	130	as	as	ADP
ajbmeb-3035	47	131	deposits	deposit	NOUN
ajbmeb-3035	47	132	in	in	ADP
ajbmeb-3035	47	133	the	the	DET
ajbmeb-3035	47	134	euro	euro	NOUN
ajbmeb-3035	47	135	-	-	PUNCT
ajbmeb-3035	47	136	market	market	NOUN
ajbmeb-3035	47	137	;	;	PUNCT
ajbmeb-3035	47	138	–	–	PUNCT
ajbmeb-3035	47	139	 	 	SPACE
ajbmeb-3035	47	140	in	in	ADP
ajbmeb-3035	47	141	1981	1981	NUM
ajbmeb-3035	47	142	,	,	PUNCT
ajbmeb-3035	47	143	the	the	DET
ajbmeb-3035	47	144	establishment	establishment	NOUN
ajbmeb-3035	47	145	of	of	ADP
ajbmeb-3035	47	146	a	a	DET
ajbmeb-3035	47	147	free	free	ADJ
ajbmeb-3035	47	148	banking	banking	NOUN
ajbmeb-3035	47	149	zone	zone	NOUN
ajbmeb-3035	47	150	in	in	ADP
ajbmeb-3035	47	151	new	new	PROPN
ajbmeb-3035	47	152	york	york	PROPN
ajbmeb-3035	47	153	—	—	PUNCT
ajbmeb-3035	47	154	where	where	SCONJ
ajbmeb-3035	47	155	the	the	DET
ajbmeb-3035	47	156	regulatory	regulatory	ADJ
ajbmeb-3035	47	157	regime	regime	NOUN
ajbmeb-3035	47	158	for	for	ADP
ajbmeb-3035	47	159	banking	banking	NOUN
ajbmeb-3035	47	160	operations	operation	NOUN
ajbmeb-3035	47	161	with	with	ADP
ajbmeb-3035	47	162	non	non	NOUN
ajbmeb-3035	47	163	-	-	NOUN
ajbmeb-3035	47	164	residents	resident	NOUN
ajbmeb-3035	47	165	closely	closely	ADV
ajbmeb-3035	47	166	resembled	resemble	VERB
ajbmeb-3035	47	167	the	the	DET
ajbmeb-3035	47	168	procedure	procedure	NOUN
ajbmeb-3035	47	169	for	for	ADP
ajbmeb-3035	47	170	eurocurrency	eurocurrency	NOUN
ajbmeb-3035	47	171	transactions	transaction	NOUN
ajbmeb-3035	47	172	—	—	PUNCT
ajbmeb-3035	47	173	led	lead	VERB
ajbmeb-3035	47	174	to	to	ADP
ajbmeb-3035	47	175	the	the	DET
ajbmeb-3035	47	176	integration	integration	NOUN
ajbmeb-3035	47	177	of	of	ADP
ajbmeb-3035	47	178	the	the	DET
ajbmeb-3035	47	179	us	us	PROPN
ajbmeb-3035	47	180	into	into	ADP
ajbmeb-3035	47	181	the	the	DET
ajbmeb-3035	47	182	eurodollar	eurodollar	PROPN
ajbmeb-3035	47	183	market	market	NOUN
ajbmeb-3035	47	184	;	;	PUNCT
ajbmeb-3035	47	185	–	–	PUNCT
ajbmeb-3035	47	186	 	 	SPACE
ajbmeb-3035	47	187	the	the	DET
ajbmeb-3035	47	188	increasing	increase	VERB
ajbmeb-3035	47	189	need	need	NOUN
ajbmeb-3035	47	190	to	to	PART
ajbmeb-3035	47	191	expand	expand	VERB
ajbmeb-3035	47	192	international	international	ADJ
ajbmeb-3035	47	193	currency	currency	NOUN
ajbmeb-3035	47	194	and	and	CCONJ
ajbmeb-3035	47	195	credit	credit	NOUN
ajbmeb-3035	47	196	services	service	NOUN
ajbmeb-3035	47	197	in	in	ADP
ajbmeb-3035	47	198	foreign	foreign	ADJ
ajbmeb-3035	47	199	economic	economic	ADJ
ajbmeb-3035	47	200	activity	activity	NOUN
ajbmeb-3035	47	201	.	.	PUNCT
ajbmeb-3035	48	1	picture	picture	NOUN
ajbmeb-3035	48	2	1	1	NUM
ajbmeb-3035	48	3	.	.	PUNCT
ajbmeb-3035	49	1	forms	form	NOUN
ajbmeb-3035	49	2	of	of	ADP
ajbmeb-3035	49	3	manifestation	manifestation	NOUN
ajbmeb-3035	49	4	of	of	ADP
ajbmeb-3035	49	5	the	the	DET
ajbmeb-3035	49	6	euro	euro	NOUN
ajbmeb-3035	49	7	market	market	NOUN
ajbmeb-3035	49	8	in	in	ADP
ajbmeb-3035	49	9	the	the	DET
ajbmeb-3035	49	10	world	world	NOUN
ajbmeb-3035	49	11	loan	loan	NOUN
ajbmeb-3035	49	12	capital	capital	NOUN
ajbmeb-3035	49	13	market	market	NOUN
ajbmeb-3035	49	14	today	today	NOUN
ajbmeb-3035	49	15	,	,	PUNCT
ajbmeb-3035	49	16	the	the	DET
ajbmeb-3035	49	17	term	term	NOUN
ajbmeb-3035	49	18	“	"	PUNCT
ajbmeb-3035	49	19	eurocurrency	eurocurrency	NOUN
ajbmeb-3035	49	20	”	"	PUNCT
ajbmeb-3035	49	21	is	be	AUX
ajbmeb-3035	49	22	also	also	ADV
ajbmeb-3035	49	23	used	use	VERB
ajbmeb-3035	49	24	to	to	PART
ajbmeb-3035	49	25	refer	refer	VERB
ajbmeb-3035	49	26	to	to	ADP
ajbmeb-3035	49	27	us	we	PRON
ajbmeb-3035	49	28	dollars	dollar	NOUN
ajbmeb-3035	49	29	circulating	circulate	VERB
ajbmeb-3035	49	30	in	in	ADP
ajbmeb-3035	49	31	asia	asia	PROPN
ajbmeb-3035	49	32	(	(	PUNCT
ajbmeb-3035	49	33	asian	asian	ADJ
ajbmeb-3035	49	34	dollars	dollar	NOUN
ajbmeb-3035	49	35	)	)	PUNCT
ajbmeb-3035	49	36	,	,	PUNCT
ajbmeb-3035	49	37	in	in	ADP
ajbmeb-3035	49	38	arab	arab	ADJ
ajbmeb-3035	49	39	countries	country	NOUN
ajbmeb-3035	49	40	(	(	PUNCT
ajbmeb-3035	49	41	arab	arab	ADJ
ajbmeb-3035	49	42	dollars	dollar	NOUN
ajbmeb-3035	49	43	)	)	PUNCT
ajbmeb-3035	49	44	,	,	PUNCT
ajbmeb-3035	49	45	and	and	CCONJ
ajbmeb-3035	49	46	in	in	ADP
ajbmeb-3035	49	47	oil	oil	NOUN
ajbmeb-3035	49	48	trade	trade	NOUN
ajbmeb-3035	49	49	transactions	transaction	NOUN
ajbmeb-3035	49	50	(	(	PUNCT
ajbmeb-3035	49	51	petrodollars	petrodollar	NOUN
ajbmeb-3035	49	52	)	)	PUNCT
ajbmeb-3035	49	53	.	.	PUNCT
ajbmeb-3035	50	1	our	our	PRON
ajbmeb-3035	50	2	research	research	NOUN
ajbmeb-3035	50	3	shows	show	VERB
ajbmeb-3035	50	4	that	that	SCONJ
ajbmeb-3035	50	5	the	the	DET
ajbmeb-3035	50	6	main	main	ADJ
ajbmeb-3035	50	7	modern	modern	ADJ
ajbmeb-3035	50	8	trends	trend	NOUN
ajbmeb-3035	50	9	in	in	ADP
ajbmeb-3035	50	10	the	the	DET
ajbmeb-3035	50	11	development	development	NOUN
ajbmeb-3035	50	12	of	of	ADP
ajbmeb-3035	50	13	the	the	DET
ajbmeb-3035	50	14	european	european	ADJ
ajbmeb-3035	50	15	financial	financial	ADJ
ajbmeb-3035	50	16	market	market	NOUN
ajbmeb-3035	50	17	are	be	AUX
ajbmeb-3035	50	18	manifested	manifest	VERB
ajbmeb-3035	50	19	in	in	ADP
ajbmeb-3035	50	20	the	the	DET
ajbmeb-3035	50	21	following	follow	VERB
ajbmeb-3035	50	22	areas	area	NOUN
ajbmeb-3035	50	23	(	(	PUNCT
ajbmeb-3035	50	24	see	see	VERB
ajbmeb-3035	50	25	table	table	NOUN
ajbmeb-3035	50	26	1	1	NUM
ajbmeb-3035	50	27	)	)	PUNCT
ajbmeb-3035	50	28	.	.	PUNCT
ajbmeb-3035	51	1	short	short	ADJ
ajbmeb-3035	51	2	-	-	PUNCT
ajbmeb-3035	51	3	term	term	NOUN
ajbmeb-3035	51	4	transactions	transaction	NOUN
ajbmeb-3035	51	5	from	from	ADP
ajbmeb-3035	51	6	1	1	NUM
ajbmeb-3035	51	7	day	day	NOUN
ajbmeb-3035	51	8	to	to	ADP
ajbmeb-3035	51	9	1	1	NUM
ajbmeb-3035	51	10	year	year	NOUN
ajbmeb-3035	51	11	global	global	ADJ
ajbmeb-3035	51	12	debt	debt	NOUN
ajbmeb-3035	51	13	capital	capital	NOUN
ajbmeb-3035	51	14	market	market	NOUN
ajbmeb-3035	51	15	global	global	ADJ
ajbmeb-3035	51	16	money	money	NOUN
ajbmeb-3035	51	17	market	market	NOUN
ajbmeb-3035	51	18	global	global	ADJ
ajbmeb-3035	51	19	capital	capital	NOUN
ajbmeb-3035	51	20	market	market	NOUN
ajbmeb-3035	51	21	medium	medium	ADJ
ajbmeb-3035	51	22	and	and	CCONJ
ajbmeb-3035	51	23	long	long	ADJ
ajbmeb-3035	51	24	-	-	PUNCT
ajbmeb-3035	51	25	term	term	NOUN
ajbmeb-3035	51	26	foreign	foreign	ADJ
ajbmeb-3035	51	27	loans	loan	NOUN
ajbmeb-3035	51	28	eurocurrency	eurocurrency	NOUN
ajbmeb-3035	51	29	market	market	NOUN
ajbmeb-3035	51	30	medium	medium	ADJ
ajbmeb-3035	51	31	and	and	CCONJ
ajbmeb-3035	51	32	long	long	ADJ
ajbmeb-3035	51	33	-	-	PUNCT
ajbmeb-3035	51	34	term	term	NOUN
ajbmeb-3035	51	35	euro	euro	NOUN
ajbmeb-3035	51	36	loans	loan	NOUN
ajbmeb-3035	51	37	market	market	NOUN
ajbmeb-3035	51	38	eurtomarket	eurtomarket	NOUN
ajbmeb-3035	51	39	american	american	PROPN
ajbmeb-3035	51	40	journal	journal	PROPN
ajbmeb-3035	51	41	of	of	ADP
ajbmeb-3035	51	42	business	business	NOUN
ajbmeb-3035	51	43	management	management	NOUN
ajbmeb-3035	51	44	,	,	PUNCT
ajbmeb-3035	51	45	economics	economic	NOUN
ajbmeb-3035	51	46	and	and	CCONJ
ajbmeb-3035	51	47	banking	banking	NOUN
ajbmeb-3035	51	48	volume	volume	NOUN
ajbmeb-3035	52	1	37	37	NUM
ajbmeb-3035	52	2	june2025	june2025	PROPN
ajbmeb-3035	52	3	p	p	NOUN
ajbmeb-3035	52	4	a	a	DET
ajbmeb-3035	52	5	g	g	NOUN
ajbmeb-3035	52	6	e	e	NOUN
ajbmeb-3035	52	7	|	|	ADV
ajbmeb-3035	52	8	178	178	NUM
ajbmeb-3035	52	9	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-3035	52	10	table	table	NOUN
ajbmeb-3035	52	11	1	1	NUM
ajbmeb-3035	52	12	volume	volume	NOUN
ajbmeb-3035	52	13	of	of	ADP
ajbmeb-3035	52	14	european	european	ADJ
ajbmeb-3035	52	15	financial	financial	ADJ
ajbmeb-3035	52	16	market	market	NOUN
ajbmeb-3035	52	17	development	development	NOUN
ajbmeb-3035	52	18	(	(	PUNCT
ajbmeb-3035	52	19	in	in	ADP
ajbmeb-3035	52	20	billions	billion	NOUN
ajbmeb-3035	52	21	of	of	ADP
ajbmeb-3035	52	22	euros	euro	NOUN
ajbmeb-3035	52	23	)	)	PUNCT
ajbmeb-3035	52	24	years	year	NOUN
ajbmeb-3035	52	25	g	g	PROPN
ajbmeb-3035	52	26	d	d	X
ajbmeb-3035	52	27	p	p	X
ajbmeb-3035	52	28	(	(	PUNCT
ajbmeb-3035	52	29	c	c	NOUN
ajbmeb-3035	52	30	u	u	NOUN
ajbmeb-3035	52	31	rr	rr	X
ajbmeb-3035	52	32	e	e	PROPN
ajbmeb-3035	52	33	n	n	PROPN
ajbmeb-3035	52	34	t	t	PROPN
ajbmeb-3035	52	35	p	p	X
ajbmeb-3035	52	36	ri	ri	PROPN
ajbmeb-3035	52	37	ce	ce	PROPN
ajbmeb-3035	52	38	s	s	PROPN
ajbmeb-3035	52	39	)	)	PUNCT
ajbmeb-3035	52	40	d	d	X
ajbmeb-3035	52	41	e	e	PROPN
ajbmeb-3035	52	42	b	b	PROPN
ajbmeb-3035	52	43	t	t	PROPN
ajbmeb-3035	52	44	se	se	X
ajbmeb-3035	52	45	c	c	PROPN
ajbmeb-3035	52	46	u	u	PROPN
ajbmeb-3035	53	1	r	r	VERB
ajbmeb-3035	53	2	it	it	PRON
ajbmeb-3035	53	3	ie	ie	ADV
ajbmeb-3035	53	4	s	s	PART
ajbmeb-3035	53	5	l	l	NOUN
ajbmeb-3035	53	6	is	be	AUX
ajbmeb-3035	53	7	te	te	ADP
ajbmeb-3035	53	8	d	d	PROPN
ajbmeb-3035	53	9	s	s	PROPN
ajbmeb-3035	53	10	h	h	NOUN
ajbmeb-3035	53	11	a	a	DET
ajbmeb-3035	53	12	r	r	NOUN
ajbmeb-3035	53	13	e	e	NOUN
ajbmeb-3035	53	14	s	s	NOUN
ajbmeb-3035	53	15	l	l	NOUN
ajbmeb-3035	53	16	o	o	NOUN
ajbmeb-3035	53	17	a	a	DET
ajbmeb-3035	53	18	n	n	X
ajbmeb-3035	53	19	s	s	X
ajbmeb-3035	53	20	(	(	PUNCT
ajbmeb-3035	53	21	n	n	NOUN
ajbmeb-3035	53	22	o	o	NOUN
ajbmeb-3035	53	23	t	t	NOUN
ajbmeb-3035	53	24	in	in	ADP
ajbmeb-3035	53	25	t	t	PROPN
ajbmeb-3035	53	26	h	h	NOUN
ajbmeb-3035	54	1	e	e	NOUN
ajbmeb-3035	54	2	f	f	NOUN
ajbmeb-3035	55	1	o	o	NOUN
ajbmeb-3035	55	2	r	r	NOUN
ajbmeb-3035	55	3	m	m	VERB
ajbmeb-3035	55	4	o	o	NOUN
ajbmeb-3035	55	5	f	f	X
ajbmeb-3035	55	6	se	se	PROPN
ajbmeb-3035	55	7	c	c	PROPN
ajbmeb-3035	55	8	u	u	PROPN
ajbmeb-3035	55	9	ri	ri	X
ajbmeb-3035	55	10	ti	ti	X
ajbmeb-3035	55	11	e	e	PROPN
ajbmeb-3035	55	12	s	s	X
ajbmeb-3035	55	13	)	)	PUNCT
ajbmeb-3035	55	14	financial	financial	ADJ
ajbmeb-3035	55	15	account	account	NOUN
ajbmeb-3035	55	16	of	of	ADP
ajbmeb-3035	55	17	the	the	DET
ajbmeb-3035	55	18	balance	balance	NOUN
ajbmeb-3035	55	19	of	of	ADP
ajbmeb-3035	55	20	payments	payment	NOUN
ajbmeb-3035	55	21	g	g	PROPN
ajbmeb-3035	55	22	ro	ro	NOUN
ajbmeb-3035	55	23	ss	ss	PROPN
ajbmeb-3035	55	24	e	e	NOUN
ajbmeb-3035	55	25	x	x	PUNCT
ajbmeb-3035	55	26	te	te	ADP
ajbmeb-3035	55	27	r	r	NOUN
ajbmeb-3035	55	28	n	n	NOUN
ajbmeb-3035	55	29	a	a	DET
ajbmeb-3035	55	30	l	l	NOUN
ajbmeb-3035	55	31	d	d	X
ajbmeb-3035	55	32	e	e	PROPN
ajbmeb-3035	55	33	b	b	PROPN
ajbmeb-3035	55	34	t	t	PROPN
ajbmeb-3035	55	35	a	a	DET
ajbmeb-3035	55	36	ss	ss	NOUN
ajbmeb-3035	55	37	et	et	NOUN
ajbmeb-3035	55	38	s	s	PROPN
ajbmeb-3035	55	39	l	l	PROPN
ajbmeb-3035	55	40	ia	ia	PROPN
ajbmeb-3035	55	41	b	b	AUX
ajbmeb-3035	55	42	il	il	PROPN
ajbmeb-3035	55	43	it	it	PRON
ajbmeb-3035	55	44	ie	ie	PROPN
ajbmeb-3035	55	45	s	s	VERB
ajbmeb-3035	55	46	n	n	DET
ajbmeb-3035	55	47	e	e	NOUN
ajbmeb-3035	55	48	t	t	NOUN
ajbmeb-3035	55	49	r	r	NOUN
ajbmeb-3035	55	50	e	e	NOUN
ajbmeb-3035	55	51	si	si	PROPN
ajbmeb-3035	55	52	d	d	X
ajbmeb-3035	55	53	u	u	PROPN
ajbmeb-3035	55	54	e	e	PROPN
ajbmeb-3035	55	55	2015	2015	NUM
ajbmeb-3035	55	56	10	10	NUM
ajbmeb-3035	55	57	534,20	534,20	NUM
ajbmeb-3035	55	58	16	16	NUM
ajbmeb-3035	55	59	518,80	518,80	NOUN
ajbmeb-3035	55	60	6	6	NUM
ajbmeb-3035	55	61	814,40	814,40	ADJ
ajbmeb-3035	55	62	11624,70	11624,70	PROPN
ajbmeb-3035	55	63	22	22	NUM
ajbmeb-3035	55	64	235,20	235,20	NUM
ajbmeb-3035	55	65	23	23	NUM
ajbmeb-3035	55	66	309,60	309,60	NUM
ajbmeb-3035	55	67	-1	-1	NOUN
ajbmeb-3035	55	68	074,40	074,40	ADJ
ajbmeb-3035	55	69	13	13	NUM
ajbmeb-3035	55	70	003,10	003,10	NOUN
ajbmeb-3035	55	71	2016	2016	NUM
ajbmeb-3035	55	72	10	10	NUM
ajbmeb-3035	55	73	817,00	817,00	NUM
ajbmeb-3035	55	74	16	16	NUM
ajbmeb-3035	55	75	613,80	613,80	NOUN
ajbmeb-3035	55	76	7	7	NUM
ajbmeb-3035	55	77	089,50	089,50	NOUN
ajbmeb-3035	55	78	11791,70	11791,70	NUM
ajbmeb-3035	55	79	23	23	NUM
ajbmeb-3035	55	80	982,90	982,90	NOUN
ajbmeb-3035	55	81	24	24	NUM
ajbmeb-3035	55	82	780,00	780,00	NUM
ajbmeb-3035	55	83	-797,10	-797,10	NUM
ajbmeb-3035	55	84	13	13	NUM
ajbmeb-3035	55	85	782,10	782,10	NUM
ajbmeb-3035	55	86	2017	2017	NUM
ajbmeb-3035	55	87	11	11	NUM
ajbmeb-3035	55	88	216,70	216,70	NOUN
ajbmeb-3035	55	89	16	16	NUM
ajbmeb-3035	55	90	593,20	593,20	NUM
ajbmeb-3035	55	91	7	7	NUM
ajbmeb-3035	55	92	950,70	950,70	NUM
ajbmeb-3035	55	93	11905,10	11905,10	NUM
ajbmeb-3035	55	94	24	24	NUM
ajbmeb-3035	55	95	835,50	835,50	NUM
ajbmeb-3035	55	96	25	25	NUM
ajbmeb-3035	55	97	544,20	544,20	PROPN
ajbmeb-3035	55	98	-708,70	-708,70	NUM
ajbmeb-3035	55	99	13	13	NUM
ajbmeb-3035	55	100	898,70	898,70	NOUN
ajbmeb-3035	55	101	2018	2018	NUM
ajbmeb-3035	55	102	11	11	NUM
ajbmeb-3035	55	103	600,20	600,20	ADP
ajbmeb-3035	55	104	16	16	NUM
ajbmeb-3035	55	105	962,70	962,70	NUM
ajbmeb-3035	55	106	7	7	NUM
ajbmeb-3035	55	107	023,40	023,40	ADJ
ajbmeb-3035	55	108	12130,00	12130,00	NUM
ajbmeb-3035	55	109	25	25	NUM
ajbmeb-3035	55	110	399,70	399,70	NUM
ajbmeb-3035	55	111	25	25	NUM
ajbmeb-3035	55	112	891,30	891,30	NUM
ajbmeb-3035	55	113	-491,60	-491,60	NUM
ajbmeb-3035	55	114	14	14	NUM
ajbmeb-3035	55	115	197,40	197,40	NUM
ajbmeb-3035	55	116	2019	2019	NUM
ajbmeb-3035	55	117	11	11	NUM
ajbmeb-3035	55	118	986,30	986,30	NOUN
ajbmeb-3035	55	119	17	17	NUM
ajbmeb-3035	55	120	598,10	598,10	NUM
ajbmeb-3035	55	121	8	8	NUM
ajbmeb-3035	55	122	586,60	586,60	NUM
ajbmeb-3035	55	123	12431,00	12431,00	NUM
ajbmeb-3035	55	124	27	27	NUM
ajbmeb-3035	55	125	826,30	826,30	NUM
ajbmeb-3035	55	126	27	27	NUM
ajbmeb-3035	55	127	882,00	882,00	NOUN
ajbmeb-3035	55	128	-55,70	-55,70	PUNCT
ajbmeb-3035	55	129	14	14	NUM
ajbmeb-3035	55	130	759,20	759,20	NUM
ajbmeb-3035	55	131	2020	2020	NUM
ajbmeb-3035	55	132	11	11	NUM
ajbmeb-3035	55	133	456,50	456,50	NUM
ajbmeb-3035	55	134	20	20	NUM
ajbmeb-3035	55	135	999,40	999,40	ADJ
ajbmeb-3035	55	136	8	8	NUM
ajbmeb-3035	55	137	500,90	500,90	NOUN
ajbmeb-3035	55	138	12913,70	12913,70	NUM
ajbmeb-3035	55	139	28	28	NUM
ajbmeb-3035	55	140	366,30	366,30	NUM
ajbmeb-3035	55	141	28	28	NUM
ajbmeb-3035	55	142	991,00	991,00	NOUN
ajbmeb-3035	55	143	-624,70	-624,70	NOUN
ajbmeb-3035	55	144	14	14	NUM
ajbmeb-3035	55	145	854,70	854,70	NUM
ajbmeb-3035	55	146	2021	2021	NUM
ajbmeb-3035	55	147	12	12	NUM
ajbmeb-3035	55	148	577,50	577,50	NUM
ajbmeb-3035	55	149	21	21	NUM
ajbmeb-3035	55	150	327,50	327,50	NUM
ajbmeb-3035	55	151	10	10	NUM
ajbmeb-3035	55	152	357,60	357,60	NUM
ajbmeb-3035	55	153	13	13	NUM
ajbmeb-3035	55	154	334,80	334,80	NOUN
ajbmeb-3035	55	155	32	32	NUM
ajbmeb-3035	55	156	242,90	242,90	NOUN
ajbmeb-3035	55	157	32	32	NUM
ajbmeb-3035	55	158	211,00	211,00	NUM
ajbmeb-3035	55	159	31,90	31,90	NUM
ajbmeb-3035	55	160	15	15	NUM
ajbmeb-3035	55	161	928,90	928,90	NOUN
ajbmeb-3035	55	162	2022	2022	NUM
ajbmeb-3035	55	163	13	13	NUM
ajbmeb-3035	55	164	652,20	652,20	NUM
ajbmeb-3035	55	165	19	19	NUM
ajbmeb-3035	55	166	247,60	247,60	NUM
ajbmeb-3035	55	167	8	8	NUM
ajbmeb-3035	55	168	701,90	701,90	NUM
ajbmeb-3035	55	169	13	13	NUM
ajbmeb-3035	55	170	994,80	994,80	NOUN
ajbmeb-3035	55	171	31	31	NUM
ajbmeb-3035	55	172	081,70	081,70	NOUN
ajbmeb-3035	55	173	30	30	NUM
ajbmeb-3035	55	174	739,00	739,00	NOUN
ajbmeb-3035	55	175	342,70	342,70	NOUN
ajbmeb-3035	55	176	15	15	NUM
ajbmeb-3035	55	177	753,90	753,90	NOUN
ajbmeb-3035	55	178	2023	2023	NUM
ajbmeb-3035	55	179	14	14	NUM
ajbmeb-3035	55	180	499,90	499,90	NOUN
ajbmeb-3035	55	181	21	21	NUM
ajbmeb-3035	55	182	067,60	067,60	NOUN
ajbmeb-3035	55	183	9	9	NUM
ajbmeb-3035	55	184	675,20	675,20	NOUN
ajbmeb-3035	55	185	14	14	NUM
ajbmeb-3035	55	186	031,70	031,70	NOUN
ajbmeb-3035	55	187	32	32	NUM
ajbmeb-3035	55	188	517,90	517,90	NOUN
ajbmeb-3035	55	189	31	31	NUM
ajbmeb-3035	55	190	962,80	962,80	NOUN
ajbmeb-3035	55	191	555,10	555,10	NUM
ajbmeb-3035	55	192	16	16	NUM
ajbmeb-3035	55	193	156,20	156,20	NUM
ajbmeb-3035	55	194	2024	2024	NUM
ajbmeb-3035	55	195	(	(	PUNCT
ajbmeb-3035	55	196	semiannual	semiannual	ADJ
ajbmeb-3035	55	197	)	)	PUNCT
ajbmeb-3035	55	198	7456,4	7456,4	NOUN
ajbmeb-3035	55	199	22	22	NUM
ajbmeb-3035	55	200	142,30	142,30	NUM
ajbmeb-3035	55	201	10	10	NUM
ajbmeb-3035	55	202	413,80	413,80	NOUN
ajbmeb-3035	55	203	14	14	NUM
ajbmeb-3035	55	204	115,40	115,40	NUM
ajbmeb-3035	55	205	34	34	NUM
ajbmeb-3035	55	206	349,20	349,20	NUM
ajbmeb-3035	55	207	33	33	NUM
ajbmeb-3035	55	208	170,40	170,40	NUM
ajbmeb-3035	55	209	1	1	NUM
ajbmeb-3035	55	210	178,80	178,80	NOUN
ajbmeb-3035	55	211	16	16	NUM
ajbmeb-3035	55	212	520,40	520,40	NUM
ajbmeb-3035	55	213	according	accord	VERB
ajbmeb-3035	55	214	to	to	ADP
ajbmeb-3035	55	215	the	the	DET
ajbmeb-3035	55	216	statistical	statistical	ADJ
ajbmeb-3035	55	217	analysis	analysis	NOUN
ajbmeb-3035	55	218	results	result	NOUN
ajbmeb-3035	55	219	for	for	ADP
ajbmeb-3035	55	220	the	the	DET
ajbmeb-3035	55	221	period	period	NOUN
ajbmeb-3035	55	222	2015–2024	2015–2024	NUM
ajbmeb-3035	55	223	,	,	PUNCT
ajbmeb-3035	55	224	the	the	DET
ajbmeb-3035	55	225	scale	scale	NOUN
ajbmeb-3035	55	226	of	of	ADP
ajbmeb-3035	55	227	the	the	DET
ajbmeb-3035	55	228	financial	financial	ADJ
ajbmeb-3035	55	229	market	market	NOUN
ajbmeb-3035	55	230	relative	relative	ADJ
ajbmeb-3035	55	231	to	to	ADP
ajbmeb-3035	55	232	gdp	gdp	NOUN
ajbmeb-3035	55	233	in	in	ADP
ajbmeb-3035	55	234	the	the	DET
ajbmeb-3035	55	235	eurozone	eurozone	NOUN
ajbmeb-3035	55	236	reaches	reach	VERB
ajbmeb-3035	55	237	approximately	approximately	ADV
ajbmeb-3035	55	238	330	330	NUM
ajbmeb-3035	55	239	%	%	NOUN
ajbmeb-3035	55	240	.	.	PUNCT
ajbmeb-3035	56	1	of	of	ADP
ajbmeb-3035	56	2	this	this	PRON
ajbmeb-3035	56	3	,	,	PUNCT
ajbmeb-3035	56	4	over	over	ADP
ajbmeb-3035	56	5	150	150	NUM
ajbmeb-3035	56	6	%	%	NOUN
ajbmeb-3035	56	7	corresponds	correspond	NOUN
ajbmeb-3035	56	8	to	to	ADP
ajbmeb-3035	56	9	debt	debt	NOUN
ajbmeb-3035	56	10	securities	security	NOUN
ajbmeb-3035	56	11	in	in	ADP
ajbmeb-3035	56	12	circulation	circulation	NOUN
ajbmeb-3035	56	13	,	,	PUNCT
ajbmeb-3035	56	14	around	around	ADP
ajbmeb-3035	56	15	70	70	NUM
ajbmeb-3035	56	16	%	%	NOUN
ajbmeb-3035	56	17	to	to	ADP
ajbmeb-3035	56	18	the	the	DET
ajbmeb-3035	56	19	turnover	turnover	NOUN
ajbmeb-3035	56	20	of	of	ADP
ajbmeb-3035	56	21	listed	list	VERB
ajbmeb-3035	56	22	shares	share	NOUN
ajbmeb-3035	56	23	,	,	PUNCT
ajbmeb-3035	56	24	and	and	CCONJ
ajbmeb-3035	56	25	more	more	ADJ
ajbmeb-3035	56	26	than	than	ADP
ajbmeb-3035	56	27	100	100	NUM
ajbmeb-3035	56	28	%	%	NOUN
ajbmeb-3035	56	29	to	to	ADP
ajbmeb-3035	56	30	loans	loan	NOUN
ajbmeb-3035	56	31	(	(	PUNCT
ajbmeb-3035	56	32	non	non	ADJ
ajbmeb-3035	56	33	-	-	ADJ
ajbmeb-3035	56	34	securitized	securitized	ADJ
ajbmeb-3035	56	35	credit	credit	NOUN
ajbmeb-3035	56	36	)	)	PUNCT
ajbmeb-3035	56	37	.	.	PUNCT
ajbmeb-3035	57	1	the	the	DET
ajbmeb-3035	57	2	gross	gross	ADJ
ajbmeb-3035	57	3	external	external	ADJ
ajbmeb-3035	57	4	debt	debt	NOUN
ajbmeb-3035	57	5	volume	volume	NOUN
ajbmeb-3035	57	6	,	,	PUNCT
ajbmeb-3035	57	7	on	on	ADP
ajbmeb-3035	57	8	average	average	ADJ
ajbmeb-3035	57	9	,	,	PUNCT
ajbmeb-3035	57	10	exceeds	exceed	VERB
ajbmeb-3035	57	11	120	120	NUM
ajbmeb-3035	57	12	%	%	NOUN
ajbmeb-3035	57	13	of	of	ADP
ajbmeb-3035	57	14	the	the	DET
ajbmeb-3035	57	15	eurozone	eurozone	NOUN
ajbmeb-3035	57	16	gdp	gdp	NOUN
ajbmeb-3035	57	17	during	during	ADP
ajbmeb-3035	57	18	this	this	DET
ajbmeb-3035	57	19	period	period	NOUN
ajbmeb-3035	57	20	.	.	PUNCT
ajbmeb-3035	58	1	according	accord	VERB
ajbmeb-3035	58	2	to	to	ADP
ajbmeb-3035	58	3	the	the	DET
ajbmeb-3035	58	4	financial	financial	ADJ
ajbmeb-3035	58	5	account	account	NOUN
ajbmeb-3035	58	6	analysis	analysis	NOUN
ajbmeb-3035	58	7	of	of	ADP
ajbmeb-3035	58	8	the	the	DET
ajbmeb-3035	58	9	balance	balance	NOUN
ajbmeb-3035	58	10	of	of	ADP
ajbmeb-3035	58	11	payments	payment	NOUN
ajbmeb-3035	58	12	in	in	ADP
ajbmeb-3035	58	13	eurozone	eurozone	NOUN
ajbmeb-3035	58	14	countries	country	NOUN
ajbmeb-3035	58	15	,	,	PUNCT
ajbmeb-3035	58	16	over	over	ADP
ajbmeb-3035	58	17	the	the	DET
ajbmeb-3035	58	18	past	past	ADJ
ajbmeb-3035	58	19	three	three	NUM
ajbmeb-3035	58	20	years	year	NOUN
ajbmeb-3035	58	21	,	,	PUNCT
ajbmeb-3035	58	22	a	a	DET
ajbmeb-3035	58	23	positive	positive	ADJ
ajbmeb-3035	58	24	balance	balance	NOUN
ajbmeb-3035	58	25	averaging	average	VERB
ajbmeb-3035	58	26	3–4	3–4	NUM
ajbmeb-3035	58	27	%	%	NOUN
ajbmeb-3035	58	28	of	of	ADP
ajbmeb-3035	58	29	gdp	gdp	NOUN
ajbmeb-3035	58	30	has	have	AUX
ajbmeb-3035	58	31	been	be	AUX
ajbmeb-3035	58	32	observed	observe	VERB
ajbmeb-3035	58	33	,	,	PUNCT
ajbmeb-3035	58	34	while	while	SCONJ
ajbmeb-3035	58	35	the	the	DET
ajbmeb-3035	58	36	assets	asset	NOUN
ajbmeb-3035	58	37	and	and	CCONJ
ajbmeb-3035	58	38	liabilities	liability	NOUN
ajbmeb-3035	58	39	of	of	ADP
ajbmeb-3035	58	40	the	the	DET
ajbmeb-3035	58	41	financial	financial	ADJ
ajbmeb-3035	58	42	account	account	NOUN
ajbmeb-3035	58	43	separately	separately	ADV
ajbmeb-3035	58	44	amount	amount	NOUN
ajbmeb-3035	58	45	to	to	ADP
ajbmeb-3035	58	46	an	an	DET
ajbmeb-3035	58	47	average	average	NOUN
ajbmeb-3035	58	48	of	of	ADP
ajbmeb-3035	58	49	230	230	NUM
ajbmeb-3035	58	50	%	%	NOUN
ajbmeb-3035	58	51	relative	relative	ADJ
ajbmeb-3035	58	52	to	to	ADP
ajbmeb-3035	58	53	gdp	gdp	NOUN
ajbmeb-3035	58	54	.	.	PUNCT
ajbmeb-3035	59	1	our	our	PRON
ajbmeb-3035	59	2	research	research	NOUN
ajbmeb-3035	59	3	reveals	reveal	VERB
ajbmeb-3035	59	4	the	the	DET
ajbmeb-3035	59	5	following	follow	VERB
ajbmeb-3035	59	6	distinct	distinct	ADJ
ajbmeb-3035	59	7	characteristics	characteristic	NOUN
ajbmeb-3035	59	8	of	of	ADP
ajbmeb-3035	59	9	the	the	DET
ajbmeb-3035	59	10	eurocurrency	eurocurrency	NOUN
ajbmeb-3035	59	11	market	market	NOUN
ajbmeb-3035	59	12	that	that	PRON
ajbmeb-3035	59	13	differentiate	differentiate	VERB
ajbmeb-3035	59	14	it	it	PRON
ajbmeb-3035	59	15	from	from	ADP
ajbmeb-3035	59	16	regional	regional	ADJ
ajbmeb-3035	59	17	and	and	CCONJ
ajbmeb-3035	59	18	national	national	ADJ
ajbmeb-3035	59	19	markets	market	NOUN
ajbmeb-3035	59	20	:	:	PUNCT
ajbmeb-3035	59	21	large	large	ADJ
ajbmeb-3035	59	22	-	-	PUNCT
ajbmeb-3035	59	23	scale	scale	NOUN
ajbmeb-3035	59	24	financial	financial	ADJ
ajbmeb-3035	59	25	flows	flow	NOUN
ajbmeb-3035	59	26	are	be	AUX
ajbmeb-3035	59	27	carried	carry	VERB
ajbmeb-3035	59	28	out	out	ADP
ajbmeb-3035	59	29	in	in	ADP
ajbmeb-3035	59	30	international	international	ADJ
ajbmeb-3035	59	31	units	unit	NOUN
ajbmeb-3035	59	32	of	of	ADP
ajbmeb-3035	59	33	account	account	NOUN
ajbmeb-3035	59	34	(	(	PUNCT
ajbmeb-3035	59	35	particularly	particularly	ADV
ajbmeb-3035	59	36	sdr	sdr	PROPN
ajbmeb-3035	59	37	,	,	PUNCT
ajbmeb-3035	59	38	euro	euro	PROPN
ajbmeb-3035	59	39	,	,	PUNCT
ajbmeb-3035	59	40	and	and	CCONJ
ajbmeb-3035	59	41	us	us	PROPN
ajbmeb-3035	59	42	dollar	dollar	NOUN
ajbmeb-3035	59	43	)	)	PUNCT
ajbmeb-3035	59	44	and	and	CCONJ
ajbmeb-3035	59	45	freely	freely	ADV
ajbmeb-3035	59	46	convertible	convertible	ADJ
ajbmeb-3035	59	47	currencies	currency	NOUN
ajbmeb-3035	59	48	.	.	PUNCT
ajbmeb-3035	60	1	a	a	DET
ajbmeb-3035	60	2	universalization	universalization	NOUN
ajbmeb-3035	60	3	of	of	ADP
ajbmeb-3035	60	4	foreign	foreign	ADJ
ajbmeb-3035	60	5	exchange	exchange	NOUN
ajbmeb-3035	60	6	and	and	CCONJ
ajbmeb-3035	60	7	credit	credit	NOUN
ajbmeb-3035	60	8	operations	operation	NOUN
ajbmeb-3035	60	9	takes	take	VERB
ajbmeb-3035	60	10	place	place	NOUN
ajbmeb-3035	60	11	.	.	PUNCT
ajbmeb-3035	61	1	in	in	ADP
ajbmeb-3035	61	2	euro	euro	NOUN
ajbmeb-3035	61	3	market	market	NOUN
ajbmeb-3035	61	4	transactions	transaction	NOUN
ajbmeb-3035	61	5	,	,	PUNCT
ajbmeb-3035	61	6	the	the	DET
ajbmeb-3035	61	7	most	most	ADV
ajbmeb-3035	61	8	advanced	advanced	ADJ
ajbmeb-3035	61	9	communication	communication	NOUN
ajbmeb-3035	61	10	and	and	CCONJ
ajbmeb-3035	61	11	information	information	NOUN
ajbmeb-3035	61	12	technologies	technology	NOUN
ajbmeb-3035	61	13	are	be	AUX
ajbmeb-3035	61	14	used	use	VERB
ajbmeb-3035	61	15	.	.	PUNCT
ajbmeb-3035	62	1	the	the	DET
ajbmeb-3035	62	2	credibility	credibility	NOUN
ajbmeb-3035	62	3	of	of	ADP
ajbmeb-3035	62	4	transactions	transaction	NOUN
ajbmeb-3035	62	5	is	be	AUX
ajbmeb-3035	62	6	often	often	ADV
ajbmeb-3035	62	7	based	base	VERB
ajbmeb-3035	62	8	on	on	ADP
ajbmeb-3035	62	9	the	the	DET
ajbmeb-3035	62	10	reputation	reputation	NOUN
ajbmeb-3035	62	11	,	,	PUNCT
ajbmeb-3035	62	12	market	market	NOUN
ajbmeb-3035	62	13	position	position	NOUN
ajbmeb-3035	62	14	,	,	PUNCT
ajbmeb-3035	62	15	or	or	CCONJ
ajbmeb-3035	62	16	high	high	ADJ
ajbmeb-3035	62	17	international	international	ADJ
ajbmeb-3035	62	18	credit	credit	NOUN
ajbmeb-3035	62	19	ratings	rating	NOUN
ajbmeb-3035	62	20	(	(	PUNCT
ajbmeb-3035	62	21	aaa	aaa	NOUN
ajbmeb-3035	62	22	)	)	PUNCT
ajbmeb-3035	62	23	of	of	ADP
ajbmeb-3035	62	24	counterparty	counterparty	NOUN
ajbmeb-3035	62	25	banks	bank	NOUN
ajbmeb-3035	62	26	.	.	PUNCT
ajbmeb-3035	63	1	the	the	DET
ajbmeb-3035	63	2	participation	participation	NOUN
ajbmeb-3035	63	3	of	of	ADP
ajbmeb-3035	63	4	small	small	ADJ
ajbmeb-3035	63	5	and	and	CCONJ
ajbmeb-3035	63	6	medium	medium	ADJ
ajbmeb-3035	63	7	-	-	PUNCT
ajbmeb-3035	63	8	sized	sized	ADJ
ajbmeb-3035	63	9	borrowers	borrower	NOUN
ajbmeb-3035	63	10	in	in	ADP
ajbmeb-3035	63	11	this	this	DET
ajbmeb-3035	63	12	market	market	NOUN
ajbmeb-3035	63	13	is	be	AUX
ajbmeb-3035	63	14	limited	limited	ADJ
ajbmeb-3035	63	15	.	.	PUNCT
ajbmeb-3035	64	1	the	the	DET
ajbmeb-3035	64	2	institutional	institutional	ADJ
ajbmeb-3035	64	3	basis	basis	NOUN
ajbmeb-3035	64	4	of	of	ADP
ajbmeb-3035	64	5	the	the	DET
ajbmeb-3035	64	6	euro	euro	NOUN
ajbmeb-3035	64	7	market	market	NOUN
ajbmeb-3035	64	8	consists	consist	VERB
ajbmeb-3035	64	9	of	of	ADP
ajbmeb-3035	64	10	transnational	transnational	ADJ
ajbmeb-3035	64	11	banks	bank	NOUN
ajbmeb-3035	64	12	(	(	PUNCT
ajbmeb-3035	64	13	tnbs	tnbs	PROPN
ajbmeb-3035	64	14	)	)	PUNCT
ajbmeb-3035	64	15	that	that	PRON
ajbmeb-3035	64	16	conduct	conduct	VERB
ajbmeb-3035	64	17	various	various	ADJ
ajbmeb-3035	64	18	financial	financial	ADJ
ajbmeb-3035	64	19	operations	operation	NOUN
ajbmeb-3035	64	20	through	through	ADP
ajbmeb-3035	64	21	their	their	PRON
ajbmeb-3035	64	22	branches	branch	NOUN
ajbmeb-3035	64	23	in	in	ADP
ajbmeb-3035	64	24	multiple	multiple	ADJ
ajbmeb-3035	64	25	countries	country	NOUN
ajbmeb-3035	64	26	.	.	PUNCT
ajbmeb-3035	65	1	eurocurrency	eurocurrency	NOUN
ajbmeb-3035	65	2	transactions	transaction	NOUN
ajbmeb-3035	65	3	tend	tend	VERB
ajbmeb-3035	65	4	to	to	PART
ajbmeb-3035	65	5	be	be	AUX
ajbmeb-3035	65	6	more	more	ADV
ajbmeb-3035	65	7	profitable	profitable	ADJ
ajbmeb-3035	65	8	than	than	ADP
ajbmeb-3035	65	9	those	those	PRON
ajbmeb-3035	65	10	in	in	ADP
ajbmeb-3035	65	11	national	national	ADJ
ajbmeb-3035	65	12	currencies	currency	NOUN
ajbmeb-3035	65	13	.	.	PUNCT
ajbmeb-3035	66	1	specifically	specifically	ADV
ajbmeb-3035	66	2	,	,	PUNCT
ajbmeb-3035	66	3	eurodeposits	eurodeposit	NOUN
ajbmeb-3035	66	4	generally	generally	ADV
ajbmeb-3035	66	5	offer	offer	VERB
ajbmeb-3035	66	6	higher	high	ADJ
ajbmeb-3035	66	7	interest	interest	NOUN
ajbmeb-3035	66	8	rates	rate	NOUN
ajbmeb-3035	66	9	,	,	PUNCT
ajbmeb-3035	66	10	while	while	SCONJ
ajbmeb-3035	66	11	euroloans	euroloan	NOUN
ajbmeb-3035	66	12	come	come	VERB
ajbmeb-3035	66	13	with	with	ADP
ajbmeb-3035	66	14	lower	low	ADJ
ajbmeb-3035	66	15	rates	rate	NOUN
ajbmeb-3035	66	16	compared	compare	VERB
ajbmeb-3035	66	17	to	to	ADP
ajbmeb-3035	66	18	domestic	domestic	ADJ
ajbmeb-3035	66	19	markets	market	NOUN
ajbmeb-3035	66	20	.	.	PUNCT
ajbmeb-3035	67	1	this	this	PRON
ajbmeb-3035	67	2	is	be	AUX
ajbmeb-3035	67	3	because	because	SCONJ
ajbmeb-3035	67	4	the	the	DET
ajbmeb-3035	67	5	euro	euro	NOUN
ajbmeb-3035	67	6	market	market	NOUN
ajbmeb-3035	67	7	functions	function	NOUN
ajbmeb-3035	67	8	as	as	ADP
ajbmeb-3035	67	9	a	a	DET
ajbmeb-3035	67	10	global	global	ADJ
ajbmeb-3035	67	11	wholesale	wholesale	ADJ
ajbmeb-3035	67	12	credit	credit	NOUN
ajbmeb-3035	67	13	market	market	NOUN
ajbmeb-3035	67	14	,	,	PUNCT
ajbmeb-3035	67	15	without	without	ADP
ajbmeb-3035	67	16	reserve	reserve	NOUN
ajbmeb-3035	67	17	requirements	requirement	NOUN
ajbmeb-3035	67	18	at	at	ADP
ajbmeb-3035	67	19	central	central	ADJ
ajbmeb-3035	67	20	banks	bank	NOUN
ajbmeb-3035	67	21	for	for	ADP
ajbmeb-3035	67	22	eurodeposits	eurodeposit	NOUN
ajbmeb-3035	67	23	,	,	PUNCT
ajbmeb-3035	67	24	and	and	CCONJ
ajbmeb-3035	67	25	operates	operate	VERB
ajbmeb-3035	67	26	outside	outside	ADP
ajbmeb-3035	67	27	the	the	DET
ajbmeb-3035	67	28	jurisdiction	jurisdiction	NOUN
ajbmeb-3035	67	29	of	of	ADP
ajbmeb-3035	67	30	any	any	DET
ajbmeb-3035	67	31	specific	specific	ADJ
ajbmeb-3035	67	32	country	country	NOUN
ajbmeb-3035	67	33	’s	’s	PART
ajbmeb-3035	67	34	tax	tax	NOUN
ajbmeb-3035	67	35	or	or	CCONJ
ajbmeb-3035	67	36	foreign	foreign	ADJ
ajbmeb-3035	67	37	exchange	exchange	NOUN
ajbmeb-3035	67	38	control	control	NOUN
ajbmeb-3035	67	39	systems	system	NOUN
ajbmeb-3035	67	40	.	.	PUNCT
ajbmeb-3035	68	1	american	american	ADJ
ajbmeb-3035	68	2	journal	journal	PROPN
ajbmeb-3035	68	3	of	of	ADP
ajbmeb-3035	68	4	business	business	NOUN
ajbmeb-3035	68	5	management	management	NOUN
ajbmeb-3035	68	6	,	,	PUNCT
ajbmeb-3035	68	7	economics	economic	NOUN
ajbmeb-3035	68	8	and	and	CCONJ
ajbmeb-3035	68	9	banking	banking	NOUN
ajbmeb-3035	68	10	volume	volume	NOUN
ajbmeb-3035	68	11	37	37	NUM
ajbmeb-3035	68	12	june2025	june2025	PROPN
ajbmeb-3035	68	13	p	p	NOUN
ajbmeb-3035	68	14	a	a	DET
ajbmeb-3035	68	15	g	g	NOUN
ajbmeb-3035	68	16	e	e	NOUN
ajbmeb-3035	68	17	|	|	ADV
ajbmeb-3035	68	18	179	179	NUM
ajbmeb-3035	68	19	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-3035	68	20	several	several	ADJ
ajbmeb-3035	68	21	types	type	NOUN
ajbmeb-3035	68	22	of	of	ADP
ajbmeb-3035	68	23	euro	euro	NOUN
ajbmeb-3035	68	24	market	market	NOUN
ajbmeb-3035	68	25	operations	operation	NOUN
ajbmeb-3035	68	26	can	can	AUX
ajbmeb-3035	68	27	be	be	AUX
ajbmeb-3035	68	28	distinguished	distinguish	VERB
ajbmeb-3035	68	29	,	,	PUNCT
ajbmeb-3035	68	30	such	such	ADJ
ajbmeb-3035	68	31	as	as	ADP
ajbmeb-3035	68	32	loan	loan	NOUN
ajbmeb-3035	68	33	issuance	issuance	NOUN
ajbmeb-3035	68	34	,	,	PUNCT
ajbmeb-3035	68	35	short	short	ADJ
ajbmeb-3035	68	36	-	-	PUNCT
ajbmeb-3035	68	37	term	term	NOUN
ajbmeb-3035	68	38	transactions	transaction	NOUN
ajbmeb-3035	68	39	,	,	PUNCT
ajbmeb-3035	68	40	and	and	CCONJ
ajbmeb-3035	68	41	eurobond	eurobond	NOUN
ajbmeb-3035	68	42	issuance	issuance	NOUN
ajbmeb-3035	68	43	,	,	PUNCT
ajbmeb-3035	68	44	among	among	ADP
ajbmeb-3035	68	45	others	other	NOUN
ajbmeb-3035	68	46	.	.	PUNCT
ajbmeb-3035	69	1	a	a	DET
ajbmeb-3035	69	2	unified	unified	ADJ
ajbmeb-3035	69	3	european	european	ADJ
ajbmeb-3035	69	4	capital	capital	NOUN
ajbmeb-3035	69	5	market	market	NOUN
ajbmeb-3035	69	6	has	have	AUX
ajbmeb-3035	69	7	gradually	gradually	ADV
ajbmeb-3035	69	8	emerged	emerge	VERB
ajbmeb-3035	69	9	in	in	ADP
ajbmeb-3035	69	10	the	the	DET
ajbmeb-3035	69	11	european	european	PROPN
ajbmeb-3035	69	12	union	union	PROPN
ajbmeb-3035	69	13	,	,	PUNCT
ajbmeb-3035	69	14	primarily	primarily	ADV
ajbmeb-3035	69	15	due	due	ADP
ajbmeb-3035	69	16	to	to	ADP
ajbmeb-3035	69	17	the	the	DET
ajbmeb-3035	69	18	following	follow	VERB
ajbmeb-3035	69	19	principles	principle	NOUN
ajbmeb-3035	69	20	introduced	introduce	VERB
ajbmeb-3035	69	21	by	by	ADP
ajbmeb-3035	69	22	the	the	DET
ajbmeb-3035	69	23	eu	eu	PROPN
ajbmeb-3035	69	24	:	:	PUNCT
ajbmeb-3035	69	25	permission	permission	NOUN
ajbmeb-3035	69	26	for	for	ADP
ajbmeb-3035	69	27	the	the	DET
ajbmeb-3035	69	28	unification	unification	NOUN
ajbmeb-3035	69	29	of	of	ADP
ajbmeb-3035	69	30	banking	banking	NOUN
ajbmeb-3035	69	31	activities	activity	NOUN
ajbmeb-3035	69	32	;	;	PUNCT
ajbmeb-3035	69	33	liberalization	liberalization	NOUN
ajbmeb-3035	69	34	of	of	ADP
ajbmeb-3035	69	35	information	information	NOUN
ajbmeb-3035	69	36	exchange	exchange	NOUN
ajbmeb-3035	69	37	and	and	CCONJ
ajbmeb-3035	69	38	entrepreneurial	entrepreneurial	ADJ
ajbmeb-3035	69	39	activity	activity	NOUN
ajbmeb-3035	69	40	;	;	PUNCT
ajbmeb-3035	69	41	supervision	supervision	NOUN
ajbmeb-3035	69	42	of	of	ADP
ajbmeb-3035	69	43	market	market	NOUN
ajbmeb-3035	69	44	participants	participant	NOUN
ajbmeb-3035	69	45	based	base	VERB
ajbmeb-3035	69	46	on	on	ADP
ajbmeb-3035	69	47	country	country	NOUN
ajbmeb-3035	69	48	of	of	ADP
ajbmeb-3035	69	49	origin	origin	NOUN
ajbmeb-3035	69	50	;	;	PUNCT
ajbmeb-3035	69	51	creation	creation	NOUN
ajbmeb-3035	69	52	of	of	ADP
ajbmeb-3035	69	53	a	a	DET
ajbmeb-3035	69	54	unified	unified	ADJ
ajbmeb-3035	69	55	system	system	NOUN
ajbmeb-3035	69	56	for	for	ADP
ajbmeb-3035	69	57	inter	inter	ADJ
ajbmeb-3035	69	58	-	-	ADJ
ajbmeb-3035	69	59	exchange	exchange	ADJ
ajbmeb-3035	69	60	information	information	NOUN
ajbmeb-3035	69	61	exchange	exchange	NOUN
ajbmeb-3035	69	62	.	.	PUNCT
ajbmeb-3035	70	1	as	as	ADP
ajbmeb-3035	70	2	a	a	DET
ajbmeb-3035	70	3	result	result	NOUN
ajbmeb-3035	70	4	,	,	PUNCT
ajbmeb-3035	70	5	any	any	DET
ajbmeb-3035	70	6	company	company	NOUN
ajbmeb-3035	70	7	in	in	ADP
ajbmeb-3035	70	8	the	the	DET
ajbmeb-3035	70	9	eu	eu	PROPN
ajbmeb-3035	70	10	has	have	AUX
ajbmeb-3035	70	11	gained	gain	VERB
ajbmeb-3035	70	12	the	the	DET
ajbmeb-3035	70	13	opportunity	opportunity	NOUN
ajbmeb-3035	70	14	to	to	PART
ajbmeb-3035	70	15	freely	freely	ADV
ajbmeb-3035	70	16	buy	buy	VERB
ajbmeb-3035	70	17	or	or	CCONJ
ajbmeb-3035	70	18	sell	sell	VERB
ajbmeb-3035	70	19	securities	security	NOUN
ajbmeb-3035	70	20	within	within	ADP
ajbmeb-3035	70	21	the	the	DET
ajbmeb-3035	70	22	region	region	NOUN
ajbmeb-3035	70	23	,	,	PUNCT
ajbmeb-3035	70	24	and	and	CCONJ
ajbmeb-3035	70	25	brokers	broker	NOUN
ajbmeb-3035	70	26	can	can	AUX
ajbmeb-3035	70	27	operate	operate	VERB
ajbmeb-3035	70	28	freely	freely	ADV
ajbmeb-3035	70	29	across	across	ADP
ajbmeb-3035	70	30	exchanges	exchange	NOUN
ajbmeb-3035	70	31	within	within	ADP
ajbmeb-3035	70	32	the	the	DET
ajbmeb-3035	70	33	eu	eu	PROPN
ajbmeb-3035	70	34	.	.	PROPN
ajbmeb-3035	70	35	additionally	additionally	ADV
ajbmeb-3035	70	36	,	,	PUNCT
ajbmeb-3035	70	37	capitalization	capitalization	NOUN
ajbmeb-3035	70	38	of	of	ADP
ajbmeb-3035	70	39	stock	stock	NOUN
ajbmeb-3035	70	40	exchanges	exchange	NOUN
ajbmeb-3035	70	41	in	in	ADP
ajbmeb-3035	70	42	the	the	DET
ajbmeb-3035	70	43	region	region	NOUN
ajbmeb-3035	70	44	has	have	AUX
ajbmeb-3035	70	45	increased	increase	VERB
ajbmeb-3035	70	46	,	,	PUNCT
ajbmeb-3035	70	47	and	and	CCONJ
ajbmeb-3035	70	48	competition	competition	NOUN
ajbmeb-3035	70	49	in	in	ADP
ajbmeb-3035	70	50	over	over	ADP
ajbmeb-3035	70	51	-	-	PUNCT
ajbmeb-3035	70	52	the	the	DET
ajbmeb-3035	70	53	-	-	PUNCT
ajbmeb-3035	70	54	counter	counter	NOUN
ajbmeb-3035	70	55	securities	security	NOUN
ajbmeb-3035	70	56	trading	trading	NOUN
ajbmeb-3035	70	57	has	have	AUX
ajbmeb-3035	70	58	intensified	intensify	VERB
ajbmeb-3035	70	59	.	.	PUNCT
ajbmeb-3035	71	1	our	our	PRON
ajbmeb-3035	71	2	research	research	NOUN
ajbmeb-3035	71	3	shows	show	VERB
ajbmeb-3035	71	4	that	that	SCONJ
ajbmeb-3035	71	5	the	the	DET
ajbmeb-3035	71	6	following	follow	VERB
ajbmeb-3035	71	7	developments	development	NOUN
ajbmeb-3035	71	8	played	play	VERB
ajbmeb-3035	71	9	a	a	DET
ajbmeb-3035	71	10	critical	critical	ADJ
ajbmeb-3035	71	11	role	role	NOUN
ajbmeb-3035	71	12	in	in	ADP
ajbmeb-3035	71	13	unifying	unify	VERB
ajbmeb-3035	71	14	stock	stock	NOUN
ajbmeb-3035	71	15	markets	market	NOUN
ajbmeb-3035	71	16	across	across	ADP
ajbmeb-3035	71	17	the	the	DET
ajbmeb-3035	71	18	eu	eu	PROPN
ajbmeb-3035	71	19	:	:	PUNCT
ajbmeb-3035	71	20	the	the	DET
ajbmeb-3035	71	21	establishment	establishment	NOUN
ajbmeb-3035	71	22	of	of	ADP
ajbmeb-3035	71	23	the	the	DET
ajbmeb-3035	71	24	euroclear	euroclear	ADJ
ajbmeb-3035	71	25	clearinghouse	clearinghouse	NOUN
ajbmeb-3035	71	26	in	in	ADP
ajbmeb-3035	71	27	1968	1968	NUM
ajbmeb-3035	71	28	for	for	ADP
ajbmeb-3035	71	29	eurobond	eurobond	NOUN
ajbmeb-3035	71	30	trading	trading	NOUN
ajbmeb-3035	71	31	;	;	PUNCT
ajbmeb-3035	71	32	the	the	DET
ajbmeb-3035	71	33	creation	creation	NOUN
ajbmeb-3035	71	34	of	of	ADP
ajbmeb-3035	71	35	the	the	DET
ajbmeb-3035	71	36	association	association	NOUN
ajbmeb-3035	71	37	of	of	ADP
ajbmeb-3035	71	38	international	international	ADJ
ajbmeb-3035	71	39	bond	bond	NOUN
ajbmeb-3035	71	40	dealers	dealer	NOUN
ajbmeb-3035	71	41	(	(	PUNCT
ajbmeb-3035	71	42	aibd	aibd	NOUN
ajbmeb-3035	71	43	)	)	PUNCT
ajbmeb-3035	71	44	in	in	ADP
ajbmeb-3035	71	45	1969	1969	NUM
ajbmeb-3035	71	46	to	to	PART
ajbmeb-3035	71	47	address	address	VERB
ajbmeb-3035	71	48	technical	technical	ADJ
ajbmeb-3035	71	49	and	and	CCONJ
ajbmeb-3035	71	50	organizational	organizational	ADJ
ajbmeb-3035	71	51	challenges	challenge	NOUN
ajbmeb-3035	71	52	in	in	ADP
ajbmeb-3035	71	53	the	the	DET
ajbmeb-3035	71	54	secondary	secondary	ADJ
ajbmeb-3035	71	55	market	market	NOUN
ajbmeb-3035	71	56	for	for	ADP
ajbmeb-3035	71	57	eurobonds	eurobond	NOUN
ajbmeb-3035	71	58	;	;	PUNCT
ajbmeb-3035	71	59	the	the	DET
ajbmeb-3035	71	60	founding	founding	NOUN
ajbmeb-3035	71	61	of	of	ADP
ajbmeb-3035	71	62	cedel	cedel	NOUN
ajbmeb-3035	71	63	(	(	PUNCT
ajbmeb-3035	71	64	now	now	ADV
ajbmeb-3035	71	65	clearstream	clearstream	ADJ
ajbmeb-3035	71	66	)	)	PUNCT
ajbmeb-3035	71	67	in	in	ADP
ajbmeb-3035	71	68	1970	1970	NUM
ajbmeb-3035	71	69	,	,	PUNCT
ajbmeb-3035	71	70	euroclear	euroclear	NOUN
ajbmeb-3035	71	71	’s	’s	PART
ajbmeb-3035	71	72	main	main	ADJ
ajbmeb-3035	71	73	competitor	competitor	NOUN
ajbmeb-3035	71	74	;	;	PUNCT
ajbmeb-3035	71	75	the	the	DET
ajbmeb-3035	71	76	launch	launch	NOUN
ajbmeb-3035	71	77	of	of	ADP
ajbmeb-3035	71	78	eurolist	eurolist	NOUN
ajbmeb-3035	71	79	in	in	ADP
ajbmeb-3035	71	80	1990	1990	NUM
ajbmeb-3035	71	81	,	,	PUNCT
ajbmeb-3035	71	82	which	which	PRON
ajbmeb-3035	71	83	reflects	reflect	VERB
ajbmeb-3035	71	84	prices	price	NOUN
ajbmeb-3035	71	85	of	of	ADP
ajbmeb-3035	71	86	blue	blue	ADJ
ajbmeb-3035	71	87	-	-	PUNCT
ajbmeb-3035	71	88	chip	chip	NOUN
ajbmeb-3035	71	89	securities	security	NOUN
ajbmeb-3035	71	90	listed	list	VERB
ajbmeb-3035	71	91	on	on	ADP
ajbmeb-3035	71	92	eu	eu	PROPN
ajbmeb-3035	71	93	exchanges	exchange	NOUN
ajbmeb-3035	71	94	;	;	PUNCT
ajbmeb-3035	71	95	the	the	DET
ajbmeb-3035	71	96	formation	formation	NOUN
ajbmeb-3035	71	97	of	of	ADP
ajbmeb-3035	71	98	the	the	DET
ajbmeb-3035	71	99	federation	federation	NOUN
ajbmeb-3035	71	100	of	of	ADP
ajbmeb-3035	71	101	european	european	PROPN
ajbmeb-3035	71	102	securities	security	NOUN
ajbmeb-3035	71	103	exchanges	exchange	NOUN
ajbmeb-3035	71	104	;	;	PUNCT
ajbmeb-3035	71	105	the	the	DET
ajbmeb-3035	71	106	transformation	transformation	NOUN
ajbmeb-3035	71	107	of	of	ADP
ajbmeb-3035	71	108	aibd	aibd	PROPN
ajbmeb-3035	71	109	into	into	ADP
ajbmeb-3035	71	110	the	the	DET
ajbmeb-3035	71	111	international	international	ADJ
ajbmeb-3035	71	112	securities	securities	PROPN
ajbmeb-3035	71	113	market	market	NOUN
ajbmeb-3035	71	114	association	association	PROPN
ajbmeb-3035	71	115	(	(	PUNCT
ajbmeb-3035	71	116	isma	isma	PROPN
ajbmeb-3035	71	117	)	)	PUNCT
ajbmeb-3035	71	118	in	in	ADP
ajbmeb-3035	71	119	1991	1991	NUM
ajbmeb-3035	71	120	and	and	CCONJ
ajbmeb-3035	71	121	later	later	ADV
ajbmeb-3035	71	122	into	into	ADP
ajbmeb-3035	71	123	the	the	DET
ajbmeb-3035	71	124	international	international	ADJ
ajbmeb-3035	71	125	capital	capital	NOUN
ajbmeb-3035	71	126	market	market	NOUN
ajbmeb-3035	71	127	association	association	NOUN
ajbmeb-3035	71	128	(	(	PUNCT
ajbmeb-3035	71	129	icma	icma	PROPN
ajbmeb-3035	71	130	)	)	PUNCT
ajbmeb-3035	71	131	in	in	ADP
ajbmeb-3035	71	132	2005	2005	NUM
ajbmeb-3035	71	133	.	.	PUNCT
ajbmeb-3035	72	1	[	[	X
ajbmeb-3035	72	2	16	16	NUM
ajbmeb-3035	72	3	]	]	PUNCT
ajbmeb-3035	72	4	in	in	ADP
ajbmeb-3035	72	5	addition	addition	NOUN
ajbmeb-3035	72	6	,	,	PUNCT
ajbmeb-3035	72	7	to	to	PART
ajbmeb-3035	72	8	create	create	VERB
ajbmeb-3035	72	9	a	a	DET
ajbmeb-3035	72	10	common	common	ADJ
ajbmeb-3035	72	11	financial	financial	ADJ
ajbmeb-3035	72	12	environment	environment	NOUN
ajbmeb-3035	72	13	,	,	PUNCT
ajbmeb-3035	72	14	the	the	DET
ajbmeb-3035	72	15	eu	eu	PROPN
ajbmeb-3035	72	16	has	have	AUX
ajbmeb-3035	72	17	progressively	progressively	ADV
ajbmeb-3035	72	18	eliminated	eliminate	VERB
ajbmeb-3035	72	19	key	key	ADJ
ajbmeb-3035	72	20	differences	difference	NOUN
ajbmeb-3035	72	21	between	between	ADP
ajbmeb-3035	72	22	national	national	ADJ
ajbmeb-3035	72	23	financial	financial	ADJ
ajbmeb-3035	72	24	markets	market	NOUN
ajbmeb-3035	72	25	,	,	PUNCT
ajbmeb-3035	72	26	including	include	VERB
ajbmeb-3035	72	27	:	:	PUNCT
ajbmeb-3035	72	28	the	the	DET
ajbmeb-3035	72	29	regulation	regulation	NOUN
ajbmeb-3035	72	30	of	of	ADP
ajbmeb-3035	72	31	exchange	exchange	NOUN
ajbmeb-3035	72	32	operations	operation	NOUN
ajbmeb-3035	72	33	at	at	ADP
ajbmeb-3035	72	34	the	the	DET
ajbmeb-3035	72	35	national	national	ADJ
ajbmeb-3035	72	36	level	level	NOUN
ajbmeb-3035	72	37	(	(	PUNCT
ajbmeb-3035	72	38	e.g.	e.g.	ADV
ajbmeb-3035	72	39	,	,	PUNCT
ajbmeb-3035	72	40	listing	list	VERB
ajbmeb-3035	72	41	requirements	requirement	NOUN
ajbmeb-3035	72	42	,	,	PUNCT
ajbmeb-3035	72	43	disclosure	disclosure	NOUN
ajbmeb-3035	72	44	obligations	obligation	NOUN
ajbmeb-3035	72	45	)	)	PUNCT
ajbmeb-3035	72	46	;	;	PUNCT
ajbmeb-3035	72	47	the	the	DET
ajbmeb-3035	72	48	volume	volume	NOUN
ajbmeb-3035	72	49	of	of	ADP
ajbmeb-3035	72	50	operations	operation	NOUN
ajbmeb-3035	72	51	on	on	ADP
ajbmeb-3035	72	52	exchanges	exchange	NOUN
ajbmeb-3035	72	53	and	and	CCONJ
ajbmeb-3035	72	54	their	their	PRON
ajbmeb-3035	72	55	role	role	NOUN
ajbmeb-3035	72	56	in	in	ADP
ajbmeb-3035	72	57	the	the	DET
ajbmeb-3035	72	58	national	national	ADJ
ajbmeb-3035	72	59	economy	economy	NOUN
ajbmeb-3035	72	60	;	;	PUNCT
ajbmeb-3035	72	61	differences	difference	NOUN
ajbmeb-3035	72	62	in	in	ADP
ajbmeb-3035	72	63	institutional	institutional	ADJ
ajbmeb-3035	72	64	investors	investor	NOUN
ajbmeb-3035	72	65	(	(	PUNCT
ajbmeb-3035	72	66	such	such	ADJ
ajbmeb-3035	72	67	as	as	ADP
ajbmeb-3035	72	68	insurance	insurance	NOUN
ajbmeb-3035	72	69	companies	company	NOUN
ajbmeb-3035	72	70	,	,	PUNCT
ajbmeb-3035	72	71	pension	pension	NOUN
ajbmeb-3035	72	72	funds	fund	NOUN
ajbmeb-3035	72	73	,	,	PUNCT
ajbmeb-3035	72	74	investment	investment	NOUN
ajbmeb-3035	72	75	funds	fund	NOUN
ajbmeb-3035	72	76	,	,	PUNCT
ajbmeb-3035	72	77	and	and	CCONJ
ajbmeb-3035	72	78	banks	bank	NOUN
ajbmeb-3035	72	79	)	)	PUNCT
ajbmeb-3035	72	80	and	and	CCONJ
ajbmeb-3035	72	81	their	their	PRON
ajbmeb-3035	72	82	participation	participation	NOUN
ajbmeb-3035	72	83	in	in	ADP
ajbmeb-3035	72	84	securities	security	NOUN
ajbmeb-3035	72	85	markets	market	NOUN
ajbmeb-3035	72	86	.	.	PUNCT
ajbmeb-3035	73	1	the	the	DET
ajbmeb-3035	73	2	unified	unified	ADJ
ajbmeb-3035	73	3	eu	eu	PROPN
ajbmeb-3035	73	4	capital	capital	NOUN
ajbmeb-3035	73	5	market	market	NOUN
ajbmeb-3035	73	6	includes	include	VERB
ajbmeb-3035	73	7	segments	segment	NOUN
ajbmeb-3035	73	8	specializing	specialize	VERB
ajbmeb-3035	73	9	in	in	ADP
ajbmeb-3035	73	10	shares	share	NOUN
ajbmeb-3035	73	11	,	,	PUNCT
ajbmeb-3035	73	12	bonds	bond	NOUN
ajbmeb-3035	73	13	,	,	PUNCT
ajbmeb-3035	73	14	government	government	NOUN
ajbmeb-3035	73	15	securities	security	NOUN
ajbmeb-3035	73	16	,	,	PUNCT
ajbmeb-3035	73	17	and	and	CCONJ
ajbmeb-3035	73	18	derivative	derivative	ADJ
ajbmeb-3035	73	19	financial	financial	ADJ
ajbmeb-3035	73	20	instruments	instrument	NOUN
ajbmeb-3035	73	21	,	,	PUNCT
ajbmeb-3035	73	22	as	as	ADV
ajbmeb-3035	73	23	well	well	ADV
ajbmeb-3035	73	24	as	as	ADP
ajbmeb-3035	73	25	newly	newly	ADV
ajbmeb-3035	73	26	formed	form	VERB
ajbmeb-3035	73	27	joint	joint	ADJ
ajbmeb-3035	73	28	stock	stock	NOUN
ajbmeb-3035	73	29	exchanges	exchange	NOUN
ajbmeb-3035	73	30	and	and	CCONJ
ajbmeb-3035	73	31	other	other	ADJ
ajbmeb-3035	73	32	platforms	platform	NOUN
ajbmeb-3035	73	33	.	.	PUNCT
ajbmeb-3035	74	1	we	we	PRON
ajbmeb-3035	74	2	believe	believe	VERB
ajbmeb-3035	74	3	that	that	SCONJ
ajbmeb-3035	74	4	the	the	DET
ajbmeb-3035	74	5	creation	creation	NOUN
ajbmeb-3035	74	6	of	of	ADP
ajbmeb-3035	74	7	a	a	DET
ajbmeb-3035	74	8	unified	unified	ADJ
ajbmeb-3035	74	9	credit	credit	NOUN
ajbmeb-3035	74	10	and	and	CCONJ
ajbmeb-3035	74	11	securities	security	NOUN
ajbmeb-3035	74	12	market	market	NOUN
ajbmeb-3035	74	13	in	in	ADP
ajbmeb-3035	74	14	europe	europe	PROPN
ajbmeb-3035	74	15	played	play	VERB
ajbmeb-3035	74	16	a	a	DET
ajbmeb-3035	74	17	pivotal	pivotal	ADJ
ajbmeb-3035	74	18	role	role	NOUN
ajbmeb-3035	74	19	in	in	ADP
ajbmeb-3035	74	20	building	build	VERB
ajbmeb-3035	74	21	european	european	ADJ
ajbmeb-3035	74	22	economic	economic	ADJ
ajbmeb-3035	74	23	integration	integration	NOUN
ajbmeb-3035	74	24	.	.	PUNCT
ajbmeb-3035	75	1	currently	currently	ADV
ajbmeb-3035	75	2	,	,	PUNCT
ajbmeb-3035	75	3	the	the	DET
ajbmeb-3035	75	4	following	follow	VERB
ajbmeb-3035	75	5	major	major	ADJ
ajbmeb-3035	75	6	changes	change	NOUN
ajbmeb-3035	75	7	are	be	AUX
ajbmeb-3035	75	8	occurring	occur	VERB
ajbmeb-3035	75	9	in	in	ADP
ajbmeb-3035	75	10	the	the	DET
ajbmeb-3035	75	11	infrastructure	infrastructure	NOUN
ajbmeb-3035	75	12	of	of	ADP
ajbmeb-3035	75	13	global	global	ADJ
ajbmeb-3035	75	14	stock	stock	NOUN
ajbmeb-3035	75	15	markets	market	NOUN
ajbmeb-3035	75	16	:	:	PUNCT
ajbmeb-3035	75	17	firstly	firstly	ADV
ajbmeb-3035	75	18	,	,	PUNCT
ajbmeb-3035	75	19	dedicated	dedicated	ADJ
ajbmeb-3035	75	20	trading	trading	NOUN
ajbmeb-3035	75	21	platforms	platform	NOUN
ajbmeb-3035	75	22	are	be	AUX
ajbmeb-3035	75	23	being	be	AUX
ajbmeb-3035	75	24	created	create	VERB
ajbmeb-3035	75	25	for	for	ADP
ajbmeb-3035	75	26	foreign	foreign	ADJ
ajbmeb-3035	75	27	participants	participant	NOUN
ajbmeb-3035	75	28	;	;	PUNCT
ajbmeb-3035	75	29	secondly	secondly	ADV
ajbmeb-3035	75	30	,	,	PUNCT
ajbmeb-3035	75	31	although	although	SCONJ
ajbmeb-3035	75	32	the	the	DET
ajbmeb-3035	75	33	role	role	NOUN
ajbmeb-3035	75	34	of	of	ADP
ajbmeb-3035	75	35	banks	bank	NOUN
ajbmeb-3035	75	36	in	in	ADP
ajbmeb-3035	75	37	global	global	ADJ
ajbmeb-3035	75	38	securities	security	NOUN
ajbmeb-3035	75	39	markets	market	NOUN
ajbmeb-3035	75	40	is	be	AUX
ajbmeb-3035	75	41	shrinking	shrink	VERB
ajbmeb-3035	75	42	in	in	ADP
ajbmeb-3035	75	43	favor	favor	NOUN
ajbmeb-3035	75	44	of	of	ADP
ajbmeb-3035	75	45	other	other	ADJ
ajbmeb-3035	75	46	financial	financial	ADJ
ajbmeb-3035	75	47	intermediaries	intermediary	NOUN
ajbmeb-3035	75	48	,	,	PUNCT
ajbmeb-3035	75	49	banks	bank	NOUN
ajbmeb-3035	75	50	are	be	AUX
ajbmeb-3035	75	51	establishing	establish	VERB
ajbmeb-3035	75	52	private	private	ADJ
ajbmeb-3035	75	53	electronic	electronic	ADJ
ajbmeb-3035	75	54	brokerage	brokerage	NOUN
ajbmeb-3035	75	55	systems	system	NOUN
ajbmeb-3035	75	56	that	that	PRON
ajbmeb-3035	75	57	enable	enable	VERB
ajbmeb-3035	75	58	continuous	continuous	ADJ
ajbmeb-3035	75	59	trading	trading	NOUN
ajbmeb-3035	75	60	and	and	CCONJ
ajbmeb-3035	75	61	anonymous	anonymous	ADJ
ajbmeb-3035	75	62	pricing	pricing	NOUN
ajbmeb-3035	75	63	even	even	ADV
ajbmeb-3035	75	64	after	after	ADP
ajbmeb-3035	75	65	official	official	ADJ
ajbmeb-3035	75	66	exchange	exchange	NOUN
ajbmeb-3035	75	67	hours	hour	NOUN
ajbmeb-3035	75	68	.	.	PUNCT
ajbmeb-3035	76	1	they	they	PRON
ajbmeb-3035	76	2	are	be	AUX
ajbmeb-3035	76	3	also	also	ADV
ajbmeb-3035	76	4	innovating	innovate	VERB
ajbmeb-3035	76	5	new	new	ADJ
ajbmeb-3035	76	6	types	type	NOUN
ajbmeb-3035	76	7	of	of	ADP
ajbmeb-3035	76	8	financial	financial	ADJ
ajbmeb-3035	76	9	instruments	instrument	NOUN
ajbmeb-3035	76	10	.	.	PUNCT
ajbmeb-3035	77	1	american	american	ADJ
ajbmeb-3035	77	2	journal	journal	PROPN
ajbmeb-3035	77	3	of	of	ADP
ajbmeb-3035	77	4	business	business	NOUN
ajbmeb-3035	77	5	management	management	NOUN
ajbmeb-3035	77	6	,	,	PUNCT
ajbmeb-3035	77	7	economics	economic	NOUN
ajbmeb-3035	77	8	and	and	CCONJ
ajbmeb-3035	77	9	banking	banking	NOUN
ajbmeb-3035	77	10	volume	volume	NOUN
ajbmeb-3035	77	11	37	37	NUM
ajbmeb-3035	77	12	june2025	june2025	PROPN
ajbmeb-3035	77	13	p	p	NOUN
ajbmeb-3035	77	14	a	a	PRON
ajbmeb-3035	77	15	g	g	NOUN
ajbmeb-3035	77	16	e	e	NOUN
ajbmeb-3035	77	17	|	|	ADV
ajbmeb-3035	77	18	180	180	NUM
ajbmeb-3035	77	19	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-3035	77	20	conclusion	conclusion	NOUN
ajbmeb-3035	77	21	based	base	VERB
ajbmeb-3035	77	22	on	on	ADP
ajbmeb-3035	77	23	the	the	DET
ajbmeb-3035	77	24	results	result	NOUN
ajbmeb-3035	77	25	of	of	ADP
ajbmeb-3035	77	26	the	the	DET
ajbmeb-3035	77	27	conducted	conduct	VERB
ajbmeb-3035	77	28	economic	economic	ADJ
ajbmeb-3035	77	29	analysis	analysis	NOUN
ajbmeb-3035	77	30	,	,	PUNCT
ajbmeb-3035	77	31	we	we	PRON
ajbmeb-3035	77	32	believe	believe	VERB
ajbmeb-3035	77	33	that	that	SCONJ
ajbmeb-3035	77	34	the	the	DET
ajbmeb-3035	77	35	following	follow	VERB
ajbmeb-3035	77	36	priorities	priority	NOUN
ajbmeb-3035	77	37	should	should	AUX
ajbmeb-3035	77	38	be	be	AUX
ajbmeb-3035	77	39	taken	take	VERB
ajbmeb-3035	77	40	into	into	ADP
ajbmeb-3035	77	41	account	account	NOUN
ajbmeb-3035	77	42	when	when	SCONJ
ajbmeb-3035	77	43	developing	develop	VERB
ajbmeb-3035	77	44	strategic	strategic	ADJ
ajbmeb-3035	77	45	directions	direction	NOUN
ajbmeb-3035	77	46	for	for	ADP
ajbmeb-3035	77	47	the	the	DET
ajbmeb-3035	77	48	stable	stable	ADJ
ajbmeb-3035	77	49	development	development	NOUN
ajbmeb-3035	77	50	of	of	ADP
ajbmeb-3035	77	51	our	our	PRON
ajbmeb-3035	77	52	country	country	NOUN
ajbmeb-3035	77	53	's	's	PART
ajbmeb-3035	77	54	financial	financial	ADJ
ajbmeb-3035	77	55	market	market	NOUN
ajbmeb-3035	77	56	:	:	PUNCT
ajbmeb-3035	77	57	to	to	PART
ajbmeb-3035	77	58	enhance	enhance	VERB
ajbmeb-3035	77	59	the	the	DET
ajbmeb-3035	77	60	country	country	NOUN
ajbmeb-3035	77	61	's	's	PART
ajbmeb-3035	77	62	international	international	ADJ
ajbmeb-3035	77	63	financial	financial	ADJ
ajbmeb-3035	77	64	competitiveness	competitiveness	NOUN
ajbmeb-3035	77	65	,	,	PUNCT
ajbmeb-3035	77	66	it	it	PRON
ajbmeb-3035	77	67	is	be	AUX
ajbmeb-3035	77	68	essential	essential	ADJ
ajbmeb-3035	77	69	to	to	PART
ajbmeb-3035	77	70	unify	unify	VERB
ajbmeb-3035	77	71	the	the	DET
ajbmeb-3035	77	72	operations	operation	NOUN
ajbmeb-3035	77	73	of	of	ADP
ajbmeb-3035	77	74	financial	financial	ADJ
ajbmeb-3035	77	75	exchanges	exchange	NOUN
ajbmeb-3035	77	76	,	,	PUNCT
ajbmeb-3035	77	77	develop	develop	VERB
ajbmeb-3035	77	78	a	a	DET
ajbmeb-3035	77	79	methodology	methodology	NOUN
ajbmeb-3035	77	80	for	for	ADP
ajbmeb-3035	77	81	assessing	assess	VERB
ajbmeb-3035	77	82	operational	operational	ADJ
ajbmeb-3035	77	83	risks	risk	NOUN
ajbmeb-3035	77	84	in	in	ADP
ajbmeb-3035	77	85	the	the	DET
ajbmeb-3035	77	86	banking	banking	NOUN
ajbmeb-3035	77	87	and	and	CCONJ
ajbmeb-3035	77	88	financial	financial	ADJ
ajbmeb-3035	77	89	sector	sector	NOUN
ajbmeb-3035	77	90	,	,	PUNCT
ajbmeb-3035	77	91	and	and	CCONJ
ajbmeb-3035	77	92	introduce	introduce	VERB
ajbmeb-3035	77	93	more	more	ADJ
ajbmeb-3035	77	94	instruments	instrument	NOUN
ajbmeb-3035	77	95	aimed	aim	VERB
ajbmeb-3035	77	96	at	at	ADP
ajbmeb-3035	77	97	increasing	increase	VERB
ajbmeb-3035	77	98	the	the	DET
ajbmeb-3035	77	99	liquidity	liquidity	NOUN
ajbmeb-3035	77	100	and	and	CCONJ
ajbmeb-3035	77	101	capitalization	capitalization	NOUN
ajbmeb-3035	77	102	of	of	ADP
ajbmeb-3035	77	103	credit	credit	NOUN
ajbmeb-3035	77	104	institutions	institution	NOUN
ajbmeb-3035	77	105	.	.	PUNCT
ajbmeb-3035	78	1	further	further	ADJ
ajbmeb-3035	78	2	liberalization	liberalization	NOUN
ajbmeb-3035	78	3	of	of	ADP
ajbmeb-3035	78	4	the	the	DET
ajbmeb-3035	78	5	national	national	ADJ
ajbmeb-3035	78	6	financial	financial	ADJ
ajbmeb-3035	78	7	market	market	NOUN
ajbmeb-3035	78	8	and	and	CCONJ
ajbmeb-3035	78	9	expansion	expansion	NOUN
ajbmeb-3035	78	10	of	of	ADP
ajbmeb-3035	78	11	conditions	condition	NOUN
ajbmeb-3035	78	12	for	for	ADP
ajbmeb-3035	78	13	encouraging	encourage	VERB
ajbmeb-3035	78	14	digital	digital	ADJ
ajbmeb-3035	78	15	and	and	CCONJ
ajbmeb-3035	78	16	innovative	innovative	ADJ
ajbmeb-3035	78	17	activities	activity	NOUN
ajbmeb-3035	78	18	in	in	ADP
ajbmeb-3035	78	19	the	the	DET
ajbmeb-3035	78	20	sector	sector	NOUN
ajbmeb-3035	78	21	are	be	AUX
ajbmeb-3035	78	22	necessary	necessary	ADJ
ajbmeb-3035	78	23	to	to	PART
ajbmeb-3035	78	24	foster	foster	VERB
ajbmeb-3035	78	25	a	a	DET
ajbmeb-3035	78	26	dynamic	dynamic	ADJ
ajbmeb-3035	78	27	and	and	CCONJ
ajbmeb-3035	78	28	competitive	competitive	ADJ
ajbmeb-3035	78	29	financial	financial	ADJ
ajbmeb-3035	78	30	environment	environment	NOUN
ajbmeb-3035	78	31	.	.	PUNCT
ajbmeb-3035	79	1	to	to	PART
ajbmeb-3035	79	2	accelerate	accelerate	VERB
ajbmeb-3035	79	3	the	the	DET
ajbmeb-3035	79	4	inflow	inflow	NOUN
ajbmeb-3035	79	5	of	of	ADP
ajbmeb-3035	79	6	foreign	foreign	ADJ
ajbmeb-3035	79	7	direct	direct	ADJ
ajbmeb-3035	79	8	investment	investment	NOUN
ajbmeb-3035	79	9	(	(	PUNCT
ajbmeb-3035	79	10	fdi	fdi	PROPN
ajbmeb-3035	79	11	)	)	PUNCT
ajbmeb-3035	79	12	,	,	PUNCT
ajbmeb-3035	79	13	it	it	PRON
ajbmeb-3035	79	14	is	be	AUX
ajbmeb-3035	79	15	crucial	crucial	ADJ
ajbmeb-3035	79	16	to	to	PART
ajbmeb-3035	79	17	improve	improve	VERB
ajbmeb-3035	79	18	the	the	DET
ajbmeb-3035	79	19	country	country	NOUN
ajbmeb-3035	79	20	's	's	PART
ajbmeb-3035	79	21	sovereign	sovereign	ADJ
ajbmeb-3035	79	22	credit	credit	NOUN
ajbmeb-3035	79	23	rating	rating	NOUN
ajbmeb-3035	79	24	awarded	award	VERB
ajbmeb-3035	79	25	by	by	ADP
ajbmeb-3035	79	26	international	international	ADJ
ajbmeb-3035	79	27	rating	rating	NOUN
ajbmeb-3035	79	28	agencies	agency	NOUN
ajbmeb-3035	79	29	,	,	PUNCT
ajbmeb-3035	79	30	thereby	thereby	ADV
ajbmeb-3035	79	31	obtaining	obtain	VERB
ajbmeb-3035	79	32	a	a	DET
ajbmeb-3035	79	33	higher	high	ADJ
ajbmeb-3035	79	34	international	international	ADJ
ajbmeb-3035	79	35	investment	investment	NOUN
ajbmeb-3035	79	36	-	-	PUNCT
ajbmeb-3035	79	37	grade	grade	NOUN
ajbmeb-3035	79	38	rating	rating	NOUN
ajbmeb-3035	79	39	.	.	PUNCT
ajbmeb-3035	80	1	the	the	DET
ajbmeb-3035	80	2	mechanisms	mechanism	NOUN
ajbmeb-3035	80	3	of	of	ADP
ajbmeb-3035	80	4	insuring	insure	VERB
ajbmeb-3035	80	5	against	against	ADP
ajbmeb-3035	80	6	losses	loss	NOUN
ajbmeb-3035	80	7	in	in	ADP
ajbmeb-3035	80	8	international	international	ADJ
ajbmeb-3035	80	9	financial	financial	ADJ
ajbmeb-3035	80	10	transactions	transaction	NOUN
ajbmeb-3035	80	11	and	and	CCONJ
ajbmeb-3035	80	12	improving	improve	VERB
ajbmeb-3035	80	13	foreign	foreign	ADJ
ajbmeb-3035	80	14	exchange	exchange	NOUN
ajbmeb-3035	80	15	regulations	regulation	NOUN
ajbmeb-3035	80	16	should	should	AUX
ajbmeb-3035	80	17	also	also	ADV
ajbmeb-3035	80	18	be	be	AUX
ajbmeb-3035	80	19	strengthened	strengthen	VERB
ajbmeb-3035	80	20	to	to	PART
ajbmeb-3035	80	21	enhance	enhance	VERB
ajbmeb-3035	80	22	resilience	resilience	NOUN
ajbmeb-3035	80	23	and	and	CCONJ
ajbmeb-3035	80	24	investor	investor	NOUN
ajbmeb-3035	80	25	confidence	confidence	NOUN
ajbmeb-3035	80	26	.	.	PUNCT
ajbmeb-3035	81	1	in	in	ADP
ajbmeb-3035	81	2	conclusion	conclusion	NOUN
ajbmeb-3035	81	3	,	,	PUNCT
ajbmeb-3035	81	4	the	the	DET
ajbmeb-3035	81	5	euro	euro	NOUN
ajbmeb-3035	81	6	market	market	NOUN
ajbmeb-3035	81	7	plays	play	VERB
ajbmeb-3035	81	8	a	a	DET
ajbmeb-3035	81	9	vital	vital	ADJ
ajbmeb-3035	81	10	role	role	NOUN
ajbmeb-3035	81	11	in	in	ADP
ajbmeb-3035	81	12	the	the	DET
ajbmeb-3035	81	13	global	global	ADJ
ajbmeb-3035	81	14	economy	economy	NOUN
ajbmeb-3035	81	15	by	by	ADP
ajbmeb-3035	81	16	ensuring	ensure	VERB
ajbmeb-3035	81	17	the	the	DET
ajbmeb-3035	81	18	free	free	ADJ
ajbmeb-3035	81	19	movement	movement	NOUN
ajbmeb-3035	81	20	of	of	ADP
ajbmeb-3035	81	21	financial	financial	ADJ
ajbmeb-3035	81	22	resources	resource	NOUN
ajbmeb-3035	81	23	,	,	PUNCT
ajbmeb-3035	81	24	promoting	promote	VERB
ajbmeb-3035	81	25	their	their	PRON
ajbmeb-3035	81	26	efficient	efficient	ADJ
ajbmeb-3035	81	27	allocation	allocation	NOUN
ajbmeb-3035	81	28	,	,	PUNCT
ajbmeb-3035	81	29	stimulating	stimulate	VERB
ajbmeb-3035	81	30	innovation	innovation	NOUN
ajbmeb-3035	81	31	,	,	PUNCT
ajbmeb-3035	81	32	and	and	CCONJ
ajbmeb-3035	81	33	contributing	contribute	VERB
ajbmeb-3035	81	34	significantly	significantly	ADV
ajbmeb-3035	81	35	to	to	ADP
ajbmeb-3035	81	36	the	the	DET
ajbmeb-3035	81	37	development	development	NOUN
ajbmeb-3035	81	38	of	of	ADP
ajbmeb-3035	81	39	the	the	DET
ajbmeb-3035	81	40	international	international	ADJ
ajbmeb-3035	81	41	financial	financial	ADJ
ajbmeb-3035	81	42	system	system	NOUN
ajbmeb-3035	81	43	.	.	PUNCT
ajbmeb-3035	82	1	references	reference	NOUN
ajbmeb-3035	82	2	1	1	NUM
ajbmeb-3035	82	3	.	.	PUNCT
ajbmeb-3035	82	4	decree	decree	NOUN
ajbmeb-3035	82	5	of	of	ADP
ajbmeb-3035	82	6	the	the	DET
ajbmeb-3035	82	7	president	president	NOUN
ajbmeb-3035	82	8	of	of	ADP
ajbmeb-3035	82	9	the	the	DET
ajbmeb-3035	82	10	republic	republic	NOUN
ajbmeb-3035	82	11	of	of	ADP
ajbmeb-3035	82	12	uzbekistan	uzbekistan	PROPN
ajbmeb-3035	82	13	no	no	INTJ
ajbmeb-3035	82	14	.	.	PUNCT
ajbmeb-3035	83	1	pf-158	pf-158	PROPN
ajbmeb-3035	83	2	dated	date	VERB
ajbmeb-3035	83	3	september	september	PROPN
ajbmeb-3035	83	4	11	11	NUM
ajbmeb-3035	83	5	,	,	PUNCT
ajbmeb-3035	83	6	2023	2023	NUM
ajbmeb-3035	83	7	,	,	PUNCT
ajbmeb-3035	83	8	"	"	PUNCT
ajbmeb-3035	83	9	on	on	ADP
ajbmeb-3035	83	10	the	the	DET
ajbmeb-3035	83	11	strategy	strategy	NOUN
ajbmeb-3035	83	12	‘	'	PUNCT
ajbmeb-3035	83	13	uzbekistan	uzbekistan	PROPN
ajbmeb-3035	83	14	–	–	PUNCT
ajbmeb-3035	83	15	2030	2030	NUM
ajbmeb-3035	83	16	’	'	PUNCT
ajbmeb-3035	83	17	"	"	PUNCT
ajbmeb-3035	83	18	.	.	PUNCT
ajbmeb-3035	84	1	2	2	X
ajbmeb-3035	84	2	.	.	X
ajbmeb-3035	84	3	marcel	marcel	PROPN
ajbmeb-3035	84	4	fratzscher	fratzscher	PROPN
ajbmeb-3035	84	5	.	.	PUNCT
ajbmeb-3035	85	1	financial	financial	ADJ
ajbmeb-3035	85	2	market	market	NOUN
ajbmeb-3035	85	3	integration	integration	NOUN
ajbmeb-3035	85	4	in	in	ADP
ajbmeb-3035	85	5	europe	europe	PROPN
ajbmeb-3035	85	6	:	:	PUNCT
ajbmeb-3035	85	7	on	on	ADP
ajbmeb-3035	85	8	the	the	DET
ajbmeb-3035	85	9	effects	effect	NOUN
ajbmeb-3035	85	10	of	of	ADP
ajbmeb-3035	85	11	emu	emu	PROPN
ajbmeb-3035	85	12	on	on	ADP
ajbmeb-3035	85	13	stock	stock	NOUN
ajbmeb-3035	85	14	markets	market	NOUN
ajbmeb-3035	85	15	.	.	PUNCT
ajbmeb-3035	86	1	working	work	VERB
ajbmeb-3035	86	2	paper	paper	NOUN
ajbmeb-3035	86	3	no	no	INTJ
ajbmeb-3035	86	4	.	.	PROPN
ajbmeb-3035	87	1	48	48	NUM
ajbmeb-3035	87	2	.	.	PUNCT
ajbmeb-3035	88	1	march	march	PROPN
ajbmeb-3035	88	2	2001	2001	NUM
ajbmeb-3035	88	3	.	.	PUNCT
ajbmeb-3035	89	1	https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp048.pdf	https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp048.pdf	PROPN
ajbmeb-3035	89	2	3	3	PROPN
ajbmeb-3035	89	3	.	.	PUNCT
ajbmeb-3035	89	4	afzol	afzol	PROPN
ajbmeb-3035	89	5	husain	husain	PROPN
ajbmeb-3035	89	6	,	,	PUNCT
ajbmeb-3035	89	7	sitara	sitara	PROPN
ajbmeb-3035	89	8	karim	karim	PROPN
ajbmeb-3035	89	9	,	,	PUNCT
ajbmeb-3035	89	10	ahmet	ahmet	PROPN
ajbmeb-3035	89	11	sensoy	sensoy	PROPN
ajbmeb-3035	89	12	.	.	PUNCT
ajbmeb-3035	90	1	financial	financial	ADJ
ajbmeb-3035	90	2	fusion	fusion	NOUN
ajbmeb-3035	90	3	:	:	PUNCT
ajbmeb-3035	90	4	bridging	bridge	VERB
ajbmeb-3035	90	5	islamic	islamic	ADJ
ajbmeb-3035	90	6	and	and	CCONJ
ajbmeb-3035	90	7	green	green	ADJ
ajbmeb-3035	90	8	investments	investment	NOUN
ajbmeb-3035	90	9	in	in	ADP
ajbmeb-3035	90	10	the	the	DET
ajbmeb-3035	90	11	european	european	ADJ
ajbmeb-3035	90	12	stock	stock	NOUN
ajbmeb-3035	90	13	market	market	NOUN
ajbmeb-3035	90	14	.	.	PUNCT
ajbmeb-3035	91	1	international	international	ADJ
ajbmeb-3035	91	2	review	review	NOUN
ajbmeb-3035	91	3	of	of	ADP
ajbmeb-3035	91	4	financial	financial	ADJ
ajbmeb-3035	91	5	analysis	analysis	NOUN
ajbmeb-3035	91	6	.	.	PUNCT
ajbmeb-3035	92	1	volume	volume	NOUN
ajbmeb-3035	92	2	94	94	NUM
ajbmeb-3035	92	3	,	,	PUNCT
ajbmeb-3035	92	4	july	july	PROPN
ajbmeb-3035	92	5	2024	2024	NUM
ajbmeb-3035	92	6	,	,	PUNCT
ajbmeb-3035	92	7	103341	103341	NUM
ajbmeb-3035	92	8	.	.	PUNCT
ajbmeb-3035	92	9	https://www.sciencedirect.com	https://www.sciencedirect.com	X
ajbmeb-3035	93	1	4	4	X
ajbmeb-3035	93	2	.	.	X
ajbmeb-3035	93	3	giuliana	giuliana	PROPN
ajbmeb-3035	93	4	birindelli	birindelli	PROPN
ajbmeb-3035	93	5	,	,	PUNCT
ajbmeb-3035	93	6	helen	helen	PROPN
ajbmeb-3035	93	7	chiappini	chiappini	PROPN
ajbmeb-3035	93	8	,	,	PUNCT
ajbmeb-3035	93	9	raja	raja	PROPN
ajbmeb-3035	93	10	nabeel	nabeel	PROPN
ajbmeb-3035	93	11	-	-	PUNCT
ajbmeb-3035	93	12	ud	ud	PROPN
ajbmeb-3035	93	13	-	-	PUNCT
ajbmeb-3035	93	14	din	din	NOUN
ajbmeb-3035	93	15	jalal	jalal	PROPN
ajbmeb-3035	93	16	.	.	PUNCT
ajbmeb-3035	94	1	sfdr	sfdr	PROPN
ajbmeb-3035	94	2	,	,	PUNCT
ajbmeb-3035	94	3	investor	investor	NOUN
ajbmeb-3035	94	4	attention	attention	NOUN
ajbmeb-3035	94	5	,	,	PUNCT
ajbmeb-3035	94	6	and	and	CCONJ
ajbmeb-3035	94	7	european	european	ADJ
ajbmeb-3035	94	8	financial	financial	ADJ
ajbmeb-3035	94	9	markets	market	NOUN
ajbmeb-3035	94	10	.	.	PUNCT
ajbmeb-3035	95	1	finance	finance	NOUN
ajbmeb-3035	95	2	research	research	NOUN
ajbmeb-3035	95	3	letters	letter	NOUN
ajbmeb-3035	95	4	.	.	PUNCT
ajbmeb-3035	96	1	volume	volume	NOUN
ajbmeb-3035	96	2	56	56	NUM
ajbmeb-3035	96	3	,	,	PUNCT
ajbmeb-3035	96	4	september	september	PROPN
ajbmeb-3035	96	5	2023	2023	NUM
ajbmeb-3035	96	6	,	,	PUNCT
ajbmeb-3035	96	7	104135	104135	NUM
ajbmeb-3035	96	8	.	.	PUNCT
ajbmeb-3035	97	1	https://www.sciencedirect.com	https://www.sciencedirect.com	X
ajbmeb-3035	98	1	5	5	NUM
ajbmeb-3035	98	2	.	.	PUNCT
ajbmeb-3035	98	3	crina	crina	PROPN
ajbmeb-3035	98	4	pungulescu	pungulescu	PROPN
ajbmeb-3035	98	5	.	.	PUNCT
ajbmeb-3035	99	1	measuring	measure	VERB
ajbmeb-3035	99	2	financial	financial	ADJ
ajbmeb-3035	99	3	market	market	NOUN
ajbmeb-3035	99	4	integration	integration	NOUN
ajbmeb-3035	99	5	in	in	ADP
ajbmeb-3035	99	6	the	the	DET
ajbmeb-3035	99	7	european	european	PROPN
ajbmeb-3035	99	8	union	union	PROPN
ajbmeb-3035	99	9	:	:	PUNCT
ajbmeb-3035	100	1	eu15	eu15	PROPN
ajbmeb-3035	100	2	vs.	vs.	ADP
ajbmeb-3035	100	3	new	new	ADJ
ajbmeb-3035	100	4	member	member	NOUN
ajbmeb-3035	100	5	states	state	NOUN
ajbmeb-3035	100	6	.	.	PUNCT
ajbmeb-3035	101	1	emerging	emerge	VERB
ajbmeb-3035	101	2	markets	market	NOUN
ajbmeb-3035	101	3	review	review	NOUN
ajbmeb-3035	101	4	.	.	PUNCT
ajbmeb-3035	102	1	volume	volume	NOUN
ajbmeb-3035	102	2	17	17	NUM
ajbmeb-3035	102	3	,	,	PUNCT
ajbmeb-3035	102	4	december	december	PROPN
ajbmeb-3035	102	5	2013	2013	NUM
ajbmeb-3035	102	6	,	,	PUNCT
ajbmeb-3035	102	7	pages	page	NOUN
ajbmeb-3035	102	8	106	106	NUM
ajbmeb-3035	102	9	-	-	SYM
ajbmeb-3035	102	10	124	124	NUM
ajbmeb-3035	102	11	.	.	PUNCT
ajbmeb-3035	103	1	https://www.sciencedirect.com	https://www.sciencedirect.com	X
ajbmeb-3035	104	1	6	6	NUM
ajbmeb-3035	104	2	.	.	PROPN
ajbmeb-3035	104	3	maricica	maricica	PROPN
ajbmeb-3035	104	4	moscalu	moscalu	PROPN
ajbmeb-3035	104	5	,	,	PUNCT
ajbmeb-3035	104	6	claudia	claudia	PROPN
ajbmeb-3035	104	7	girardone	girardone	PROPN
ajbmeb-3035	104	8	,	,	PUNCT
ajbmeb-3035	104	9	raffaella	raffaella	PROPN
ajbmeb-3035	104	10	calabrese	calabrese	PROPN
ajbmeb-3035	104	11	.	.	PUNCT
ajbmeb-3035	105	1	smes	sme	NOUN
ajbmeb-3035	105	2	’	'	PUNCT
ajbmeb-3035	105	3	growth	growth	NOUN
ajbmeb-3035	105	4	under	under	ADP
ajbmeb-3035	105	5	financing	financing	NOUN
ajbmeb-3035	105	6	constraints	constraint	NOUN
ajbmeb-3035	105	7	and	and	CCONJ
ajbmeb-3035	105	8	banking	banking	NOUN
ajbmeb-3035	105	9	markets	market	NOUN
ajbmeb-3035	105	10	integration	integration	NOUN
ajbmeb-3035	105	11	in	in	ADP
ajbmeb-3035	105	12	the	the	DET
ajbmeb-3035	105	13	euro	euro	PROPN
ajbmeb-3035	105	14	area	area	NOUN
ajbmeb-3035	105	15	.	.	PUNCT
ajbmeb-3035	106	1	journal	journal	NOUN
ajbmeb-3035	106	2	of	of	ADP
ajbmeb-3035	106	3	small	small	ADJ
ajbmeb-3035	106	4	business	business	NOUN
ajbmeb-3035	106	5	management	management	NOUN
ajbmeb-3035	106	6	.	.	PUNCT
ajbmeb-3035	107	1	volume	volume	NOUN
ajbmeb-3035	107	2	58	58	NUM
ajbmeb-3035	107	3	,	,	PUNCT
ajbmeb-3035	107	4	2020	2020	NUM
ajbmeb-3035	107	5	issue	issue	VERB
ajbmeb-3035	107	6	4	4	NUM
ajbmeb-3035	107	7	.	.	NOUN
ajbmeb-3035	107	8	https://www.tandfonline.com/	https://www.tandfonline.com/	PROPN
ajbmeb-3035	107	9	7	7	PROPN
ajbmeb-3035	107	10	.	.	PUNCT
ajbmeb-3035	108	1	sonia	sonia	PROPN
ajbmeb-3035	108	2	kumari	kumari	PROPN
ajbmeb-3035	108	3	selvarajan	selvarajan	PROPN
ajbmeb-3035	108	4	,	,	PUNCT
ajbmeb-3035	108	5	rossazana	rossazana	PROPN
ajbmeb-3035	108	6	ab	ab	PROPN
ajbmeb-3035	108	7	-	-	PROPN
ajbmeb-3035	108	8	rahim	rahim	PROPN
ajbmeb-3035	108	9	.	.	PUNCT
ajbmeb-3035	109	1	financial	financial	ADJ
ajbmeb-3035	109	2	integration	integration	NOUN
ajbmeb-3035	109	3	and	and	CCONJ
ajbmeb-3035	109	4	economic	economic	ADJ
ajbmeb-3035	109	5	growth	growth	NOUN
ajbmeb-3035	109	6	:	:	PUNCT
ajbmeb-3035	109	7	should	should	AUX
ajbmeb-3035	109	8	asia	asia	PROPN
ajbmeb-3035	109	9	emulate	emulate	VERB
ajbmeb-3035	109	10	europe	europe	PROPN
ajbmeb-3035	109	11	?	?	PUNCT
ajbmeb-3035	109	12	.	.	PUNCT
ajbmeb-3035	110	1	the	the	DET
ajbmeb-3035	110	2	journal	journal	NOUN
ajbmeb-3035	110	3	of	of	ADP
ajbmeb-3035	110	4	economic	economic	ADJ
ajbmeb-3035	110	5	integration	integration	NOUN
ajbmeb-3035	110	6	2020	2020	NUM
ajbmeb-3035	110	7	march;35(1	march;35(1	NOUN
ajbmeb-3035	110	8	)	)	PUNCT
ajbmeb-3035	110	9	:	:	PUNCT
ajbmeb-3035	110	10	191	191	NUM
ajbmeb-3035	110	11	-	-	SYM
ajbmeb-3035	110	12	213	213	NUM
ajbmeb-3035	110	13	.	.	PUNCT
ajbmeb-3035	111	1	https://www.e-jei.org/journal/view.php?doi=10.11130/jei.2020.35.1.191	https://www.e-jei.org/journal/view.php?doi=10.11130/jei.2020.35.1.191	NOUN
ajbmeb-3035	111	2	8	8	NUM
ajbmeb-3035	111	3	.	.	PUNCT
ajbmeb-3035	112	1	k.	k.	PROPN
ajbmeb-3035	112	2	smimou	smimou	PROPN
ajbmeb-3035	112	3	,	,	PUNCT
ajbmeb-3035	112	4	w.	w.	PROPN
ajbmeb-3035	112	5	khallouli	khallouli	PROPN
ajbmeb-3035	112	6	.	.	PUNCT
ajbmeb-3035	113	1	does	do	AUX
ajbmeb-3035	113	2	the	the	DET
ajbmeb-3035	113	3	euro	euro	PROPN
ajbmeb-3035	113	4	affect	affect	VERB
ajbmeb-3035	113	5	the	the	DET
ajbmeb-3035	113	6	dynamic	dynamic	ADJ
ajbmeb-3035	113	7	relation	relation	NOUN
ajbmeb-3035	113	8	between	between	ADP
ajbmeb-3035	113	9	stock	stock	NOUN
ajbmeb-3035	113	10	market	market	NOUN
ajbmeb-3035	113	11	liquidity	liquidity	NOUN
ajbmeb-3035	113	12	and	and	CCONJ
ajbmeb-3035	113	13	the	the	DET
ajbmeb-3035	113	14	business	business	NOUN
ajbmeb-3035	113	15	cycle	cycle	NOUN
ajbmeb-3035	113	16	?	?	PUNCT
ajbmeb-3035	114	1	emerging	emerge	VERB
ajbmeb-3035	114	2	markets	market	NOUN
ajbmeb-3035	114	3	review	review	NOUN
ajbmeb-3035	114	4	.	.	PUNCT
ajbmeb-3035	115	1	volume	volume	NOUN
ajbmeb-3035	115	2	25	25	NUM
ajbmeb-3035	115	3	,	,	PUNCT
ajbmeb-3035	115	4	december	december	PROPN
ajbmeb-3035	115	5	2015	2015	NUM
ajbmeb-3035	115	6	,	,	PUNCT
ajbmeb-3035	115	7	pages	page	NOUN
ajbmeb-3035	115	8	125	125	NUM
ajbmeb-3035	115	9	-	-	SYM
ajbmeb-3035	115	10	153	153	NUM
ajbmeb-3035	115	11	.	.	PUNCT
ajbmeb-3035	116	1	https://www.sciencedirect.com/science/article/abs/pii/s1566014115000436	https://www.sciencedirect.com/science/article/abs/pii/s1566014115000436	X
ajbmeb-3035	116	2	https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp048.pdf	https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp048.pdf	PROPN
ajbmeb-3035	116	3	https://www.sciencedirect.com/	https://www.sciencedirect.com/	PROPN
ajbmeb-3035	116	4	https://www.sciencedirect.com/	https://www.sciencedirect.com/	PROPN
ajbmeb-3035	116	5	https://www.sciencedirect.com/	https://www.sciencedirect.com/	PROPN
ajbmeb-3035	116	6	https://www.tandfonline.com/	https://www.tandfonline.com/	PROPN
ajbmeb-3035	116	7	https://www.e-jei.org/journal/view.php?doi=10.11130/jei.2020.35.1.191	https://www.e-jei.org/journal/view.php?doi=10.11130/jei.2020.35.1.191	PROPN
ajbmeb-3035	116	8	https://www.sciencedirect.com/science/article/abs/pii/s1566014115000436	https://www.sciencedirect.com/science/article/abs/pii/s1566014115000436	PROPN
ajbmeb-3035	116	9	american	american	PROPN
ajbmeb-3035	116	10	journal	journal	PROPN
ajbmeb-3035	116	11	of	of	ADP
ajbmeb-3035	116	12	business	business	NOUN
ajbmeb-3035	116	13	management	management	NOUN
ajbmeb-3035	116	14	,	,	PUNCT
ajbmeb-3035	116	15	economics	economic	NOUN
ajbmeb-3035	116	16	and	and	CCONJ
ajbmeb-3035	116	17	banking	banking	NOUN
ajbmeb-3035	116	18	volume	volume	NOUN
ajbmeb-3035	116	19	37	37	NUM
ajbmeb-3035	116	20	june2025	june2025	PROPN
ajbmeb-3035	116	21	p	p	NOUN
ajbmeb-3035	116	22	a	a	DET
ajbmeb-3035	116	23	g	g	NOUN
ajbmeb-3035	116	24	e	e	NOUN
ajbmeb-3035	116	25	|	|	ADV
ajbmeb-3035	116	26	181	181	NUM
ajbmeb-3035	116	27	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-3035	116	28	9	9	NUM
ajbmeb-3035	116	29	.	.	PUNCT
ajbmeb-3035	117	1	mihai	mihai	PROPN
ajbmeb-3035	117	2	niţoi	niţoi	PROPN
ajbmeb-3035	117	3	,	,	PUNCT
ajbmeb-3035	117	4	maria	maria	PROPN
ajbmeb-3035	117	5	miruna	miruna	PROPN
ajbmeb-3035	117	6	pochea	pochea	PROPN
ajbmeb-3035	117	7	.	.	PUNCT
ajbmeb-3035	118	1	testing	test	VERB
ajbmeb-3035	118	2	financial	financial	ADJ
ajbmeb-3035	118	3	markets	market	NOUN
ajbmeb-3035	118	4	convergence	convergence	NOUN
ajbmeb-3035	118	5	in	in	ADP
ajbmeb-3035	118	6	central	central	ADJ
ajbmeb-3035	118	7	and	and	CCONJ
ajbmeb-3035	118	8	eastern	eastern	ADJ
ajbmeb-3035	118	9	europe	europe	PROPN
ajbmeb-3035	118	10	:	:	PUNCT
ajbmeb-3035	118	11	a	a	DET
ajbmeb-3035	118	12	non	non	ADJ
ajbmeb-3035	118	13	-	-	ADJ
ajbmeb-3035	118	14	linear	linear	ADJ
ajbmeb-3035	118	15	single	single	ADJ
ajbmeb-3035	118	16	factor	factor	NOUN
ajbmeb-3035	118	17	model	model	NOUN
ajbmeb-3035	118	18	.	.	PUNCT
ajbmeb-3035	119	1	economic	economic	ADJ
ajbmeb-3035	119	2	systems	system	NOUN
ajbmeb-3035	119	3	.	.	PUNCT
ajbmeb-3035	120	1	volume	volume	NOUN
ajbmeb-3035	120	2	40	40	NUM
ajbmeb-3035	120	3	,	,	PUNCT
ajbmeb-3035	120	4	issue	issue	NOUN
ajbmeb-3035	120	5	2	2	NUM
ajbmeb-3035	120	6	,	,	PUNCT
ajbmeb-3035	120	7	june	june	PROPN
ajbmeb-3035	120	8	2016	2016	NUM
ajbmeb-3035	120	9	,	,	PUNCT
ajbmeb-3035	120	10	pages	page	NOUN
ajbmeb-3035	120	11	323	323	NUM
ajbmeb-3035	120	12	-	-	SYM
ajbmeb-3035	120	13	334	334	NUM
ajbmeb-3035	120	14	.	.	PUNCT
ajbmeb-3035	121	1	https://www.sciencedirect.com/science/article/abs/pii/s0939362516300334	https://www.sciencedirect.com/science/article/abs/pii/s0939362516300334	NOUN
ajbmeb-3035	121	2	10	10	NUM
ajbmeb-3035	121	3	.	.	PUNCT
ajbmeb-3035	122	1	nicholas	nicholas	PROPN
ajbmeb-3035	122	2	apergis	apergis	PROPN
ajbmeb-3035	122	3	,	,	PUNCT
ajbmeb-3035	122	4	christina	christina	PROPN
ajbmeb-3035	122	5	christou	christou	PROPN
ajbmeb-3035	122	6	,	,	PUNCT
ajbmeb-3035	122	7	iason	iason	NOUN
ajbmeb-3035	122	8	kynigakis	kynigakis	PROPN
ajbmeb-3035	122	9	.	.	PUNCT
ajbmeb-3035	123	1	contagion	contagion	NOUN
ajbmeb-3035	123	2	across	across	ADP
ajbmeb-3035	123	3	us	we	PRON
ajbmeb-3035	123	4	and	and	CCONJ
ajbmeb-3035	123	5	european	european	ADJ
ajbmeb-3035	123	6	financial	financial	ADJ
ajbmeb-3035	123	7	markets	market	NOUN
ajbmeb-3035	123	8	:	:	PUNCT
ajbmeb-3035	123	9	evidence	evidence	NOUN
ajbmeb-3035	123	10	from	from	ADP
ajbmeb-3035	123	11	the	the	DET
ajbmeb-3035	123	12	cds	cds	PROPN
ajbmeb-3035	123	13	markets	market	NOUN
ajbmeb-3035	123	14	.	.	PUNCT
ajbmeb-3035	124	1	journal	journal	NOUN
ajbmeb-3035	124	2	of	of	ADP
ajbmeb-3035	124	3	international	international	ADJ
ajbmeb-3035	124	4	money	money	NOUN
ajbmeb-3035	124	5	and	and	CCONJ
ajbmeb-3035	124	6	finance	finance	NOUN
ajbmeb-3035	124	7	.	.	PUNCT
ajbmeb-3035	125	1	volume	volume	NOUN
ajbmeb-3035	125	2	96	96	NUM
ajbmeb-3035	125	3	,	,	PUNCT
ajbmeb-3035	125	4	september	september	PROPN
ajbmeb-3035	125	5	2019	2019	NUM
ajbmeb-3035	125	6	,	,	PUNCT
ajbmeb-3035	125	7	pages	page	NOUN
ajbmeb-3035	125	8	1	1	NUM
ajbmeb-3035	125	9	-	-	SYM
ajbmeb-3035	125	10	12	12	NUM
ajbmeb-3035	125	11	.	.	PUNCT
ajbmeb-3035	126	1	https://www.sciencedirect.com/science/article/pii/s0261560619302384	https://www.sciencedirect.com/science/article/pii/s0261560619302384	PROPN
ajbmeb-3035	126	2	11	11	NUM
ajbmeb-3035	126	3	.	.	PUNCT
ajbmeb-3035	127	1	jussi	jussi	PROPN
ajbmeb-3035	127	2	nikkinen	nikkinen	PROPN
ajbmeb-3035	127	3	,	,	PUNCT
ajbmeb-3035	127	4	vanja	vanja	PROPN
ajbmeb-3035	127	5	piljak	piljak	PROPN
ajbmeb-3035	127	6	,	,	PUNCT
ajbmeb-3035	127	7	timo	timo	PROPN
ajbmeb-3035	127	8	rothovius	rothovius	PROPN
ajbmeb-3035	127	9	.	.	PUNCT
ajbmeb-3035	128	1	impact	impact	NOUN
ajbmeb-3035	128	2	of	of	ADP
ajbmeb-3035	128	3	the	the	DET
ajbmeb-3035	128	4	2008–2009	2008–2009	NUM
ajbmeb-3035	128	5	financial	financial	ADJ
ajbmeb-3035	128	6	crisis	crisis	NOUN
ajbmeb-3035	128	7	on	on	ADP
ajbmeb-3035	128	8	the	the	DET
ajbmeb-3035	128	9	external	external	ADJ
ajbmeb-3035	128	10	and	and	CCONJ
ajbmeb-3035	128	11	internal	internal	ADJ
ajbmeb-3035	128	12	linkages	linkage	NOUN
ajbmeb-3035	128	13	of	of	ADP
ajbmeb-3035	128	14	european	european	ADJ
ajbmeb-3035	128	15	frontier	frontier	NOUN
ajbmeb-3035	128	16	stock	stock	NOUN
ajbmeb-3035	128	17	markets	market	NOUN
ajbmeb-3035	128	18	.	.	PUNCT
ajbmeb-3035	129	1	global	global	ADJ
ajbmeb-3035	129	2	finance	finance	PROPN
ajbmeb-3035	129	3	journal	journal	PROPN
ajbmeb-3035	129	4	.	.	PUNCT
ajbmeb-3035	130	1	volume	volume	NOUN
ajbmeb-3035	130	2	46	46	NUM
ajbmeb-3035	130	3	,	,	PUNCT
ajbmeb-3035	130	4	november	november	PROPN
ajbmeb-3035	130	5	2020	2020	NUM
ajbmeb-3035	130	6	,	,	PUNCT
ajbmeb-3035	130	7	100481	100481	NUM
ajbmeb-3035	130	8	.	.	PUNCT
ajbmeb-3035	131	1	https://www.sciencedirect.com/science/article/pii/s1044028318302114	https://www.sciencedirect.com/science/article/pii/s1044028318302114	NOUN
ajbmeb-3035	131	2	12	12	NUM
ajbmeb-3035	131	3	.	.	PUNCT
ajbmeb-3035	132	1	wojciech	wojciech	PROPN
ajbmeb-3035	132	2	grabowski	grabowski	PROPN
ajbmeb-3035	132	3	,	,	PUNCT
ajbmeb-3035	132	4	jakub	jakub	PROPN
ajbmeb-3035	132	5	janus	janus	PROPN
ajbmeb-3035	132	6	,	,	PUNCT
ajbmeb-3035	132	7	ewa	ewa	PROPN
ajbmeb-3035	132	8	stawasz	stawasz	NOUN
ajbmeb-3035	132	9	-	-	PUNCT
ajbmeb-3035	132	10	grabowska	grabowska	NOUN
ajbmeb-3035	132	11	.	.	PUNCT
ajbmeb-3035	133	1	the	the	DET
ajbmeb-3035	133	2	covid-19	covid-19	PROPN
ajbmeb-3035	133	3	pandemic	pandemic	ADJ
ajbmeb-3035	133	4	and	and	CCONJ
ajbmeb-3035	133	5	financial	financial	ADJ
ajbmeb-3035	133	6	markets	market	NOUN
ajbmeb-3035	133	7	in	in	ADP
ajbmeb-3035	133	8	central	central	ADJ
ajbmeb-3035	133	9	europe	europe	PROPN
ajbmeb-3035	133	10	:	:	PUNCT
ajbmeb-3035	133	11	macroeconomic	macroeconomic	ADJ
ajbmeb-3035	133	12	measures	measure	NOUN
ajbmeb-3035	133	13	and	and	CCONJ
ajbmeb-3035	133	14	international	international	ADJ
ajbmeb-3035	133	15	policy	policy	NOUN
ajbmeb-3035	133	16	spillovers	spillover	NOUN
ajbmeb-3035	133	17	.	.	PUNCT
ajbmeb-3035	134	1	emerging	emerge	VERB
ajbmeb-3035	134	2	markets	market	NOUN
ajbmeb-3035	134	3	review	review	NOUN
ajbmeb-3035	134	4	.	.	PUNCT
ajbmeb-3035	135	1	volume	volume	NOUN
ajbmeb-3035	135	2	54	54	NUM
ajbmeb-3035	135	3	,	,	PUNCT
ajbmeb-3035	135	4	march	march	PROPN
ajbmeb-3035	135	5	2023	2023	NUM
ajbmeb-3035	135	6	,	,	PUNCT
ajbmeb-3035	135	7	100991	100991	NUM
ajbmeb-3035	135	8	.	.	PUNCT
ajbmeb-3035	136	1	https://www.sciencedirect.com/science/article/pii/s156601412200108x	https://www.sciencedirect.com/science/article/pii/s156601412200108x	PROPN
ajbmeb-3035	136	2	13	13	NUM
ajbmeb-3035	136	3	.	.	PUNCT
ajbmeb-3035	137	1	shihong	shihong	PROPN
ajbmeb-3035	137	2	zeng	zeng	PROPN
ajbmeb-3035	137	3	,	,	PUNCT
ajbmeb-3035	137	4	jingmin	jingmin	PROPN
ajbmeb-3035	137	5	jia	jia	PROPN
ajbmeb-3035	137	6	,	,	PUNCT
ajbmeb-3035	137	7	bin	bin	PROPN
ajbmeb-3035	137	8	su	su	PROPN
ajbmeb-3035	137	9	,	,	PUNCT
ajbmeb-3035	137	10	chunxia	chunxia	PROPN
ajbmeb-3035	137	11	jiang	jiang	PROPN
ajbmeb-3035	137	12	,	,	PUNCT
ajbmeb-3035	137	13	guowang	guowang	PROPN
ajbmeb-3035	137	14	zeng	zeng	PROPN
ajbmeb-3035	137	15	.	.	PUNCT
ajbmeb-3035	138	1	the	the	DET
ajbmeb-3035	138	2	volatility	volatility	NOUN
ajbmeb-3035	138	3	spillover	spillover	VERB
ajbmeb-3035	138	4	effect	effect	NOUN
ajbmeb-3035	138	5	of	of	ADP
ajbmeb-3035	138	6	the	the	DET
ajbmeb-3035	138	7	european	european	PROPN
ajbmeb-3035	138	8	union	union	PROPN
ajbmeb-3035	138	9	(	(	PUNCT
ajbmeb-3035	138	10	eu	eu	PROPN
ajbmeb-3035	138	11	)	)	PUNCT
ajbmeb-3035	138	12	carbon	carbon	NOUN
ajbmeb-3035	138	13	financial	financial	ADJ
ajbmeb-3035	138	14	market	market	NOUN
ajbmeb-3035	138	15	.	.	PUNCT
ajbmeb-3035	139	1	journal	journal	NOUN
ajbmeb-3035	139	2	of	of	ADP
ajbmeb-3035	139	3	cleaner	clean	ADJ
ajbmeb-3035	139	4	production	production	NOUN
ajbmeb-3035	139	5	.	.	PUNCT
ajbmeb-3035	140	1	volume	volume	NOUN
ajbmeb-3035	140	2	282	282	NUM
ajbmeb-3035	140	3	,	,	PUNCT
ajbmeb-3035	140	4	1	1	NUM
ajbmeb-3035	140	5	february	february	NOUN
ajbmeb-3035	140	6	2021	2021	NUM
ajbmeb-3035	140	7	,	,	PUNCT
ajbmeb-3035	140	8	124394	124394	NUM
ajbmeb-3035	140	9	.	.	PUNCT
ajbmeb-3035	141	1	https://www.sciencedirect.com/science/article/pii/s0959652620344395	https://www.sciencedirect.com/science/article/pii/s0959652620344395	PROPN
ajbmeb-3035	141	2	14	14	NUM
ajbmeb-3035	141	3	.	.	PUNCT
ajbmeb-3035	141	4	https://www.sciencedirect.com	https://www.sciencedirect.com	X
ajbmeb-3035	142	1	15	15	NUM
ajbmeb-3035	142	2	.	.	PUNCT
ajbmeb-3035	143	1	https://www.ecb.europa.eu/press/economic-bulletin/html/index.en.html	https://www.ecb.europa.eu/press/economic-bulletin/html/index.en.html	VERB
ajbmeb-3035	143	2	-ecb	-ecb	VERB
ajbmeb-3035	143	3	economic	economic	ADJ
ajbmeb-3035	143	4	bulletin	bulletin	NOUN
ajbmeb-3035	143	5	,	,	PUNCT
ajbmeb-3035	143	6	issue	issue	NOUN
ajbmeb-3035	143	7	7	7	NUM
ajbmeb-3035	143	8	-	-	SYM
ajbmeb-3035	143	9	8	8	NUM
ajbmeb-3035	143	10	/	/	SYM
ajbmeb-3035	143	11	2016	2016	NUM
ajbmeb-3035	143	12	-	-	SYM
ajbmeb-3035	143	13	2024	2024	NUM
ajbmeb-3035	143	14	–	–	PUNCT
ajbmeb-3035	143	15	statistics	statistic	NOUN
ajbmeb-3035	143	16	16	16	NUM
ajbmeb-3035	143	17	.	.	PUNCT
ajbmeb-3035	144	1	https://www.icmagroup.org/about-icma/history/	https://www.icmagroup.org/about-icma/history/	NOUN
ajbmeb-3035	144	2	https://www.sciencedirect.com/science/article/abs/pii/s0939362516300334	https://www.sciencedirect.com/science/article/abs/pii/s0939362516300334	PROPN
ajbmeb-3035	144	3	https://www.sciencedirect.com/science/article/pii/s0261560619302384	https://www.sciencedirect.com/science/article/pii/s0261560619302384	PROPN
ajbmeb-3035	144	4	https://www.sciencedirect.com/science/article/pii/s1044028318302114	https://www.sciencedirect.com/science/article/pii/s1044028318302114	PROPN
ajbmeb-3035	144	5	https://www.sciencedirect.com/science/article/pii/s156601412200108x	https://www.sciencedirect.com/science/article/pii/s156601412200108x	PROPN
ajbmeb-3035	144	6	https://www.sciencedirect.com/science/article/pii/s0959652620344395	https://www.sciencedirect.com/science/article/pii/s0959652620344395	PROPN
ajbmeb-3035	144	7	https://www.sciencedirect.com/	https://www.sciencedirect.com/	NOUN
ajbmeb-3035	144	8	https://www.ecb.europa.eu/press/economic-bulletin/html/index.en.html	https://www.ecb.europa.eu/press/economic-bulletin/html/index.en.html	PUNCT
ajbmeb-3035	144	9	https://www.icmagroup.org/about-icma/history/	https://www.icmagroup.org/about-icma/history/	NOUN