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European Financial Integration and the Recent Crisis

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  • Apãtãchioae Adina

    (Faculty Of Economics and Business Administration, "Alexandru Ioan Cuza" University, Ia?i, România)

Abstract

Financial integration, the greatest achievement of the European Union, offer many advantages both in terms of the financial sector and also the private sector. The purpose of this article is to highlight in which way the recent crisis has affected financial integration and also the manner in which the common market influenced the triggering of financial turmoil. Literature renders the positive effects who can be felt as a result of financial integration, but in the circumstances of the crisis were highlighted and some disadvantages of such a process. Analyzing movements in the money market, sovereign debt market and retail banking, we see that financial integration was one in development, evolution who has been affected by the recent crisis. We conclude that liberalization was the trigger factor of recent crisis, but the reforms undertaken in this sense can ensure an sound financial integration, an sustainable economic environment and economic growth.

Suggested Citation

  • Apãtãchioae Adina, 2013. "European Financial Integration and the Recent Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 126-131, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:126-131
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    References listed on IDEAS

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    1. Anonymous, 1949. "Council of Europe," International Organization, Cambridge University Press, vol. 3(4), pages 729-732, November.
    2. Anonymous, 1949. "Council of Europe," International Organization, Cambridge University Press, vol. 3(3), pages 551-552, August.
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    Cited by:

    1. Marianna Oliskevych & Iryna Lukianenko, 2017. "Structural Change and Labor Market Integration: Evidence from Ukraine," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 501-509.

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    More about this item

    Keywords

    financial integration; financial crisis; reform;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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