EUROPEAN RETAIL BANKING INTEGRATION UNDER EMU: FACTS AND CHALLENGES
EUROPEAN RETAIL BANKING INTEGRATION UNDER EMU: FACTS AND CHALLENGES

Summary/Abstract: The aim of the present paper is to highlight the Economic and Monetary Union (EMU) implications in sustaining European retail banking integration. This research is structured on three sections, as follows: section one illustrates the limits and perspectives of European Union card market developments, the second analyses a set of financial indicators used in order to assess the level of retail banking integration and the third presents the actual stage of market integration. Our concluding remarks indicate that Eurozone retail banking market is still fragmented, while the wholesale interbank market and capital market-related activities are characterized by a much higher degree of integration.

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