International financial integration boosts Euro area countries' financial market development.
The article investigates how international financial integration affects the development of financial markets in Euro area countries. The researchers analyzed data from 1998 to 2014 using a statistical method called multiple regression. They found that international financial integration has both positive and negative impacts on financial market development. Stock trading and share prices were positively affected, while stock turnover ratio and share price volatility had negative effects. Overall, the study shows that higher financial market development is achieved through drivers of financial integration.