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- Title
ASPECTS OF THE EURO AREA FINANCIAL SYSTEM FRAGMENTATION.
- Authors
AILINCĂ, Alina Georgeta
- 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.
- Subjects
EUROZONE; GLOBAL Financial Crisis, 2008-2009; MONETARY policy; ECONOMIC &; Monetary Union; FINANCIAL services industry; POLARITY
- Publication
Financial Studies, 2014, Vol 18, Issue 1, p28
- ISSN
2066-6071
- Publication type
Article