publication . Article . 2010

Financial Integration of European Money Market: from EMU to the Global Crisis and Beyond

Avadanei Andreea; Avadanei Anamaria; Ghiba Nicolae;
Open Access
  • Published: 01 Jan 2010 Journal: Ovidius University Annals, Economic Sciences Series, volume X, issue 2 October, pages 17-22
Abstract
The scope of this article is to illustrate the general issues relevant for understanding the implications of the global crisis on European money market integration. We structured our paper on chapters that present the evolution of the considered market from the launch of euro until the financial turmoil, its main features in the actual context, and the central banks response to the rising tensions on the money market. Given its function of channeling funds to enable banks to cover their most immediate needs, the money market is by nature vulnerable and sensitive to counterparty risk. For this reason, it was strongly affected by the crisis, but was also the marke...
Subjects
free text keywords: money market, financial turmoil European integration, common currency, monetary policy., jel:E40, jel:E44, jel:E5, jel:F36
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