EUROPEAN RETAIL BANKING INTEGRATION UNDER EMU: FACTS AND CHALLENGES

• Main Author: Andreea Avadanei
• Format: Article
• Language: English
• Published: Vasile Goldis University Press 2011-01-01
• Series: Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice
• Subjects: financial integration; retail banking; cards; quantitative methods; the law of one price; news-based indicators.
• Online Access: http://www.uvvg.ro/studiaeconomia/images/2001/v2/2.%20EUROPEAN%20RETAIL%20BANKING%20INTEGRATION%20UNDER%20EMU%20FACTS%20AND%20CHALLENGES.pdf

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 structuredon three sections, as follows: section one illustrates the limits and perspectives of EuropeanUnion card market developments, the second analyses a set of financial indicators used inorder to assess the level of retail banking integration and the third presents the actual stageof market integration. Our concluding remarks indicate that Eurozone retail banking marketis still fragmented, while the wholesale interbank market and capital market-relatedactivities are characterized by a much higher degree of integration.