European Financial Market Integration

Patrice Muller
Authors registered in the RePEc Author Service: Alberto Alesina

World Economics, 2004, vol. 5, issue 3, 139-158

Abstract: European Monetary Union and a vigorous legislative agenda have profoundly changed the environment in which the European financial services industry operates. These developments should have contributed to a deepening of financial market integration in the European Union, especially within the Eurozone. However, actual progress has been very uneven. Eurozone money markets and bonds markets have achieved full or a very high level of integration. Eurozone equity markets show increasing signs of integration, although substantial barriers to cross-border trading remain. Bank credit markets, with the exception of inter-bank lending, and insurance and funds industries, remain still largely fragmented along national lines.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:184

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