Brief Analysis of Financial Architecture of European Union and Romania from Single Market Perspective

Enescu Roxana () and Voroneanu Constantin-Bogdan ()
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Enescu Roxana: „Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration
Voroneanu Constantin-Bogdan: „Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 724-729

Abstract: The European integration is an event that impacts in every economy and in every financial field of European Union. The purpose of this study is to underline the main steps made in the integration process and to analyze the impact of an economic, monetary, financial union both on microeconomic and macroeconomic field. What are the main steps that Romania should follow in adopting the single currency? What are the consequences of a single currency? What can Romania learn from other countries experience? Those are some questions that we tried to answer. In this study, section 1 presents the evolution and implications of European system of Central banks. The second section underlines the main contributions of TARGET and SEPA and the last two chapters analyze the main indicators before and after the integration process in European Union and Romania.

Keywords: European integration; central banks; financial market; Romanian banking. (search for similar items in EconPapers)
JEL-codes: D53 E58 G21 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:724-729

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