Measuring European Financial Integration. Indicators and Perspectives
Otilia-Roxana Oprea and
Ovidiu Stoica ()
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Otilia-Roxana Oprea: Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration
Finante - provocarile viitorului (Finance - Challenges of the Future), 2018, vol. 1, issue 20, 62-73
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.
Keywords: financial integration; measurement; indicators. (search for similar items in EconPapers)
JEL-codes: G15 E43 F15 F36 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2018:i:20:p:62-73
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