Table III Unconditional correlation...

Table III

Unconditional correlation coefficients matrix of market return

	Hungary	Poland	Czech	Romania	Croatia
Hungary	1.000	0.602	0.612	0.188	0.418
Poland		1.000	0.690	0.170	0.472
Czech			1.000	0.190	0.567
Romania				1.000	0.173
Croatia					1.000

Source: Authors’ estimates