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Author:Lemmen, J.
Eijffinger, S.
Title:The fundamental determinants of financial integration in the European Union
Journal:Weltwirtschaftliches Archiv
1996 : VOL. 132:3, p. 432-456
Index terms:ECONOMICS
EUROPEAN UNION
FINANCE
Language:eng
Abstract:This paper focuses on the fundamental determinants of the degree of financial integration -- or more precisely of the intensity of capital controls -- in the European Union (EU) over the period 1974-1993. Macroeconomic evidence seems to support the view that the integration between European financial markets has increased in recent years. It fosters the impression that remaining differences in national economic and financial structures are unimportant, claim the authors of this article on fundamental determinants.
SCIMA record nr: 153069
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