Financial Integration in the Context of the European Union
DOI:
https://doi.org/10.5564/mjia.v22i1.1767Keywords:
Financial integration, European Union, European Monetary Union, emerging countries in Europe, benefits of financial integration, risks of financial integrationAbstract
As the world continues to see various facets of financial integration, the topic has sparked a great deal of discussions among policy
makers and economists. The article analyzes benefits and risks of financial integration in the context of the European Union, which has facilitated global financial integration immensely by creating common currency among European Monetary Union countries and harmonizing regulations across the region. Upon examining main pros and cons of financial integration in detail, I conclude that financial integration can be beneficial in the longrun if corrective and preventive measures are enforced to curtail risks and threats it poses.
Downloads
240
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2021 Ariunaa Damdinsuren
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright on any research article in the Mongolian Journal of International Affairs is retained by the author(s).
The authors grant the Mongolian Journal of International Affairs a license to publish the article and identify itself as the original publisher.
Articles in the Mongolian Journal of International Affairs are Open Access articles published under a Creative Commons Attribution 4.0 International License CC BY.
This license permits use, distribution and reproduction in any medium, provided the original work is properly cited.
