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Measuring European Financial Integration. Indicators and Perspectives

Author

Listed:
  • Otilia-Roxana OPREA

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration)

  • Ovidiu STOICA

    (Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration)

Abstract

TThe process of financial integration stimulates the development of the European financial system by influencing in a positive sense the competition, stability, expanding markets and influencing the efficiency of financial intermediaries, resulting in lower brokerage costs and a more efficient allocation of capital. A challenge for both researchers and policymakers is measuring the level of financial integration in order to assess the impact of the factors through which European financial integration has influenced economic growth and thus implement a range of policies with the goal of a sustainable economic growth.

Suggested Citation

  • Otilia-Roxana OPREA & Ovidiu STOICA, 2018. "Measuring European Financial Integration. Indicators and Perspectives," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(20), pages 62-73, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2018:i:20:p:62-73
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    References listed on IDEAS

    as
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    2. Ian Babetskii & Luboš Komárek & Zlatuše Komárková, 2007. "Financial Integration of Stock Markets among New EU Member States and the Euro Area," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 57(7-8), pages 341-362, September.
    3. Baele, Lieven & Ferrando, Annalisa & Hördahl, Peter & Krylova, Elizaveta & Monnet, Cyril, 2004. "Measuring financial integration in the euro area," Occasional Paper Series 14, European Central Bank.
    4. Lieven Baele & Annalisa Ferrando & Peter Hördahl & Elizaveta Krylova & Cyril Monnet, 2004. "Measuring financial integration in the euro area," Occasional Paper Series 14, European Central Bank.
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    Citations

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    Cited by:

    1. Ibrahim A. Adekunle & Abayomi T. Onanuga & Ibrahim A. Odusanya, 2021. "Financial Integration and Growth Outcomes in Africa: Experience of the Trade Blocs," Working Papers of the African Governance and Development Institute. 21/052, African Governance and Development Institute..
    2. Ibrahim A. Adekunle & Olumuyiwa G. Yinusa & Tolulope O. Williams & Rahmon A. Folami, 2021. "On the Determinant of Financial Development in Africa: Geography, Institutions and Macroeconomic Policy Relevance," Working Papers 21/054, European Xtramile Centre of African Studies (EXCAS).

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    More about this item

    Keywords

    financial integration; measurement; indicators.;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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