ASPECTS OF THE EURO AREA FINANCIAL SYSTEM FRAGMENTATION

Alina Georgeta Alinica
Additional contact information
Alina Georgeta Alinica: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy
Authors registered in the RePEc Author Service: Alina Georgeta Ailincă ()

Studii Financiare (Financial Studies), 2014, vol. 18, issue 1, 28-40

Abstract: With the emergence of the global financial and economic crisis, a number of side effects have been felt both in the U.S. and especially within Europe, particularly in the euro area. Among those, it stands out the financial-banking market fragmentation issue, a phenomenon discussed and analysed by financial experts, analysts, researchers and political leaders. The term fragmentation can be seen in antithesis with the concept of integration, the presence of one not involving the entirely cancellation of the existence and the effects of the second. However, a reduction in the effects of fragmentation may contribute to the increase of the economic and monetary integration, which is the desired facet for a fully functional European Union (EU). Moreover, in order to create a viable Economic and Monetary Union (EMU), it is essential to reverse the phenomenon of fragmentation of financial markets and restore the path of European integration. Thus, this article proposes to follow the conduct of the phenomenon of fragmentation in the euro area in order to develop some measures which would allow the diminishing of its negative effects.

Keywords: effects of the global financial and economic crisis; EMU; integration; fragmentation; financial system (search for similar items in EconPapers)
JEL-codes: F12 F15 G01 G15 (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf/vol18i1p28-40.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:18:y:2014:i:1:p:28-40

Access Statistics for this article

More articles in Studii Financiare (Financial Studies) from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().