European Monetary Integration as a Development Factor of Eurocurrency Market

Ćurić Predrag, Petrović Dragan and Marelj Rankica
Additional contact information
Ćurić Predrag: NLB Razvojna banka a.d. Banja Luka, Bosnia and Herzegovina
Petrović Dragan: Vrbas a.d. Laktaši, Bosnia and Herzegovina
Marelj Rankica: Mlijekoprodukt d.o.o. Kozarska Dubica, Bosnia and Herzegovina

Economics, 2016, vol. 4, issue 2, 57-74

Abstract: Economic interconnection among the European countries influenced the birth of a single economic space with a common monetary policy. In addition, the abolition of the gold standard represented an important external factor that followed the same path. In parallel with these processes, the conditions were created for developing a Eurocurrency market which favoured financial integration of Europe, as well as the creation of a single European currency. In accordance with such economic flows, Eurocurrency market emerged as a distinguished international financial market, crucial for the development of international banking. Thus, business entities were allowed to access the capital which represents the transfer of the international accumulation of the exporting country onto the European capital market, thereby resulting in more efficient financing of the member states. Thanks to similar economic effects, these processes of European monetary integrations have become imperative to other countries in the region.

Keywords: European Monetary Union; Eurocurrency Market; Banking; Credit Market; international capital market; banking standards; EURIBOR; LIBOR (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/eoik-2017-0004 (text/html)

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:vrs:econom:v:4:y:2016:i:2:p:57-74:n:4

DOI: 10.1515/eoik-2017-0004

Access Statistics for this article

Economics is currently edited by Stelios Bekiros

More articles in Economics from Sciendo
Bibliographic data for series maintained by Peter Golla ().