Stavarek, Daniel; Repkova, Iveta; Gajdosova, Katarina - Volkswirtschaftliche Fakultät, … - 2011
Financial integration is the process that has been occurring in the European Union for many years and that intensified … after adoption of the common currency in 1999. This paper discusses the theoretical framework of financial integration … benefits of financial integration. By contrast, we consider increased vulnerability to external macroeconomic shocks and …