DYNAMICS OF THE DEVELOPMENT AND INTEGRATION OF THE ROMANIAN RETAIL BANKING SECTOR

The creation of a common market for goods and services represents the main focus of the European Union, a key element of this process being represented by the integration of the financial sector. One of the least integrated components of the European financial system is represented by the retail banking sector. As Romania has ascended to the European Union in 2007 we consider important to underline the progress that has been made in the integration of the Romanian banking sector. The aim of this paper is to present in a non-exhaustive meaner the main dynamics and achievements that have been made in the development and integration of the Romanian banking sector. In order to achieve this we use an analysis based on the law of one price and the studying of the competition level that exist on the Romanian retail banking sector.