Home  Journals  Finance and Credit  15(399) - 2010 April

Financial Integration of the EU: how to define

Available online: 16 April 2010

Subject Heading: Integration

JEL Classification: 

The investigation of the new stages in the EU economic development, that emphasis the importance of the creation of a financially integrated union, leads to the necessity of an accurate definition of the term “financial integration”. The examination of the speeches of the ECB President Jean-Claude Trichet and other European ranking officials along with the author’s analysis permit to distinguish three main approaches to understand this macroeconomic phenomenon: law approach, approach of the law of one price (LOP-approach) and communicative approach.

Keywords: financial integration, law approach, approach of the law of one price, LOP-approach, communicative approach

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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