Euro si intagrarea financiare a pietelor
EURO AND FINANCIAL MARKETS INTEGRATION

Summary/Abstract: Financial market integration is a process leading to the removal of the relevant frictions and obstacles. In this sense, a market for a given set of financial instruments or services is fully integrated if all potential market participants bearing the same relevant characteristics such as facing a single set of rules when they decide to deal with those instruments and services, having equal access to the above mentioned set of instruments or services, and being treated equally when they are active in the market. This process in Euro area began and proceeded with prevalent concern from the whole world because it is the initial trial over such a wide area and among a dozen of countries. The progress in every stage of the convergence offered valuable experiences and referenced example for the rest of the world.

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