ECB’s OMT and banking union rekindled financial integration – research
Subprime mortgage crisis interrupted progressively higher integration from 1995–2007
The European Central Bank’s (ECB) promise to buy unlimited quantities of bonds from eurozone countries under market pressure and the banking union rekindled financial integration in Europe, new research finds.
In Financial integration in Europe through the lens of composite indicators, Peter Hoffmann, Manfred Kremer and Sonia Zaharia develop a composite measure of financial integration within the eurozone. These indicators are both price-based and quantity-based, and cover money, bond, equity
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