文章基本信息

标题：European Monetary Integration as a Development Factor of Eurocurrency Market
本地全文：下载
作者：Predrag Ćurić ; Dragan Petrović ; Rankica Marelj 等
期刊名称：ECONOMICS
电子版ISSN：2303-5013
出版年度：2016
卷号：4
期号：2
页码：57-74
DOI：10.1515/eoik-2017-0004
语种：English
出版社：Walter de Gruyter GmbH
摘要：Economic interconnection among the European countries influenced the birth of a single economic space with a common monetary policy. In addition, the abolition of the gold standard represented an important external factor that followed the same path. In parallel with these processes, the conditions were created for developing a Eurocurrency market which favoured financial integration of Europe, as well as the creation of a single European currency. In accordance with such economic flows, Eurocurrency market emerged as a distinguished international financial market, crucial for the development of international banking. Thus, business entities were allowed to access the capital which represents the transfer of the international accumulation of the exporting country onto the European capital market, thereby resulting in more efficient financing of the member states. Thanks to similar economic effects, these processes of European monetary integrations have become imperative to other countries in the region.
关键词：European Monetary Union ; Eurocurrency Market ; Banking ; Credit Market ; international capital market ; banking standards ; EURIBOR ; LIBOR