This book introduces readers to the world of international
financial markets and their integration on a global and regional
scale. The author presents the theoretical and practical issues
concerning the processes of financial market integration, with a
particular focus on the monetary union. The empirical research
results are based on econometric modeling, thus simplifying them
for a non-specialist audience, who can instead concentrate on the
author's conclusions, which comprise the results of these
complicated research methods. The author outlines the role and
functions of financial markets in the economy, in particular the
relationship between financial intermediaries and financial markets
and tackles the question of integration of new EU member countries'
financial markets within the eurozone. The integration of financial
markets in an international context is inevitable, and the author
argues that we must learn how to benefit from it from in terms of
economic growth. This book will be a valuable resource for students
of economics and finance, particularly those studying financial
management and international business and finance, as well as
professionals in these fields. Further, this book will be of
interest to anyone looking to discover more about the problems of
globalization and the integration of financial markets into the
modern economy.
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