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European Union financial integration, a geography perspective
Author(s) -
Meeteren Michiel
Publication year - 2019
Publication title -
geography compass
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.587
H-Index - 65
ISSN - 1749-8198
DOI - 10.1111/gec3.12424
Subject(s) - european union , space (punctuation) , perspective (graphical) , financial integration , capital market , financial market , capital (architecture) , geography of finance , single market , european integration , scale (ratio) , finance , economic geography , regional science , geography , international trade , economics , cartography , linguistics , philosophy , archaeology , artificial intelligence , computer science
During the last 30 years, the financial sectors of the different European Union member states have gradually coalesced toward operating in a single, integrated, European financial space. This paper analyses financial integration by chronicling the process from Jacques Delors' single market project until the recent capital markets union. Drawing on geographical theories of space and scale, the paper collates the large interdisciplinary literature on financial integration with an emphasis on the work of financial geographers. The result is a distinctive geographical perspective on European financial integration intended to inform new rounds of empirical research.