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The Macroeconomics of Financial Integration: A European Perspective

Philip R. Lane

Abstract

This essay addresses the macroeconomics of international financial integration from a European perspective. We first analyse the role of international financial integration in promoting economic convergence among members of the European Union. Next, we analyse the implications of increasing financial linkages, both within Europe and between Europe and other regions in the world economy. Finally, we assess how increased financial integration has altered the economics of external adjustment.


Last updated 28 August 2014 by IIIS (Email).