• Dieter PesendorferEmail author


The chapter introduces European financial markets integration as comparatively successful regional project of economic integration that has been widely acknowledged for its unique achievements but also criticized for its failures to overcome financial fragmentation and—from a more radical perspective—as a European version of neoliberal globalization that has led to increased financial instability culminating in the Global Financial Crisis and the European Sovereign Debt Crisis. The key challenges for transforming the EU’s financial markets into a more resilient and sustainable system are outlined and the theories of financial markets integration and financial globalization and their critiques are introduced. The chapter concludes with an overview of the aims and contents of the book.


European disintegration European financial markets integration Financial globalization Financial integration theory Financial instability 


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© The Author(s) 2020

Authors and Affiliations

  1. 1.School of LawQueen’s University BelfastBelfastUK

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