Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70236
Authors: 
Gehringer, Agnieszka
Year of Publication: 
2012
Series/Report no.: 
Discussion Papers, Center for European Governance and Economic Development Research 134
Abstract: 
In the present contribution, we concentrate on the process of financial liberalization in a specific context of European economic and monetary integration. We implement de facto and de jure measures of financial liberalization and find that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from the EU membership, while no substantial effect comes from the euro adoption. Finally, we investigate the effects from financial integration on country groups within the EU.
Subjects: 
Financial integration
economic growth
productivity
European integration
JEL: 
F41
F36
F43
Document Type: 
Working Paper

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