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Regional Economic Integration And National Financial Supervision. A Comparative Study

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  • Ovidiu Stoica
  • Delia-Elena DiaconaÅŸu

Abstract

The paper analyses the case of some regional economic integration areas in order to find common aspects concerning the organization of national financial supervision. More exactly, starting from the European Union case, where reforming the European financial supervision system is an important topic, as well as the reform of the national supervisory frameworks, we extended the analysis to some other regional economic integration areas (in North America, Asia and Africa). Our research objective is twofold: to look for patterns, if the regional economic integration favours a certain form of national financial supervision and if, correlated with the level of economic integration, there is a preoccupation to create a supra-national supervision system. Our results show that there is no correlation between the level of regional economic integration and the structure of financial supervision.

Suggested Citation

  • Ovidiu Stoica & Delia-Elena DiaconaÅŸu, 2012. "Regional Economic Integration And National Financial Supervision. A Comparative Study," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-23.
    • Handle: RePEc:alu:journl:v:2:y:2012:i:14:p:23
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    More about this item

    Keywords

    economic integration; financial supervision; EU; NAFTA; ASEAN; Mercosur; WAEMU;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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