This paper discusses a wide range of indicators of the degree of integration of the euro area banking system. It is …

results are not unequivocal and considerable differences remain, leaving scope for further integration. In terms of clustering …

This study assesses the degree of financial integration for a selected number of new EU member states between … themselves and with the euro zone. Within the framework of a factor model for market returns, we measure integration as the … amount of variance explained by the common factor relative to the local components. We show that this measure of integration …

The study considers three broad categories of financial integration measures: (i) price-based, which capture … process of integration is well under way and has accelerated since accession to the EU. …

project. Overall, these results are consistent with the long standing view that economic integration reduces firms' market …

der Forderungen gegenüber dem Ausland massiv abgebaut wurden. Der Grad der finanziellen Integration ist jedoch nach wie …