Slawomir I. Bukowski, Prof., Ph.D., Department of International Business and Finance, K. Pulaski Technical University of Radom, Faculty of Economics, 31 Chrobrego Street, Radom, 26-600, Poland
Objectives
The aim of paper is answer the following questions:
1)
What is the role of integration of financial markets in the process of joining monetary union?
2)
What is the level of integration of Polish financial market with financial market in the euro area?
3)
What are at present and what will be expected effects of Polish financial market integration with euro area’s financial market?
Data/Methods
Critical analyzes of theoretical aspects of financial markets integration in the monetary union. Statistical analyzes of available data concern financial market development in Poland and in the euro area, and financial markets integration measures (Eurostat, GUS).
Expected results
Analyses should shows that financial markets integration is an important factor of monetary integration with the euro area. The level of Polish financial markets integration with euro area’s financial market is sufficient for successfully monetary integration. Results of financial markets integration can cause also instability of financial system and transmission of economic shocks.
Key words: monetary union, euro area, financial markets, financial markets integration, measures of financial markets integration.
JEL Number: F30, G15, F33