DEVELOPMENTS IN THE BANKING INTEGRATION PROCESS: EVIDENCE FROM THE NEW EU MEMBER STATES

The integration of the banking sector represents a key component of the European integration process as most economies of the member states, especially the newly accepted ones, are finance through this. Thus, as the European Union has extended tremendously its membership in the last decade we consider important to underline the progress that has been achieved in the integration of the banking sectors of these new member states. In this context, the aim of our research is to present in a non-exhaustive meaner the main dynamics and achievements that have been made in the development and integration of banking sectors form the new EU members states. In order to achieve this we have used an analysis based on the law of one price and the studying of the competition level that exists on the new European Union member states banking sectors.