Home Volumul 2 EUROPEAN RETAIL BANKING INTEGRATION UNDER EMU: FACTS AND CHALLENGES

EUROPEAN RETAIL BANKING INTEGRATION UNDER EMU: FACTS AND CHALLENGES


Andreea Avadanei
“Alexandru Ioan Cuza” University of Iaşi, Doctoral School of Economics,
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Abstract
The aim of the present paper is to highlight the Economic and Monetary Union (EMU)
implications in sustaining European retail banking integration. This research is structured
on three sections, as follows: section one illustrates the limits and perspectives of European
Union card market developments, the second analyses a set of financial indicators used in
order to assess the level of retail banking integration and the third presents the actual stage
of market integration. Our concluding remarks indicate that Eurozone retail banking market
is still fragmented, while the wholesale interbank market and capital market-related
activities are characterized by a much higher degree of integration.
Key words: financial integration, retail banking, cards, quantitative methods, the law of
one price, news-based indicators.

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