Cover; Financial Integration in the European Union; Copyright; Contents; Contributors; Preface; Acknowledgements; 1. Theory of financial integration and achievements in the European Union; 2. Financial integration at times of financial instability; 3. Integration of financial markets in the European Union: Regulation and supervision framework; 4. National and sectoral integration of Chinese and Russian stock markets with world markets; 5. Integration of credit markets in the Visegrad countries with the euro area
6. Testing for East-West contagion in the European banking sector during the financial crisis7. European exchange rates volatility and its asymmetrical components during the financial crisis; 8. Interesting findings about risk estimation and backtesting at European foreign exchange markets; 9. Determinants of the exchange market pressure in the euro-candidate countries; 10. European tax harmonization and the effects of tax changes on economic growth; Index
Summary
This edited collection assesses the level of financial integration in the European Union (EU) and the differences across the countries and segments of the EU financial system. Progress in financial integration is key to the EU's economic growth and competitiveness and although it has advanced substantially, the process is still far from completion. This book focuses on the pace of financial integration in the EU with special emphasis on the new EU Member States and investigates their progress in comparison with 'old' EU countries. The book is the first of its kind to include and evaluate the e
