3. Measuring the state of European financial integration  In order to realise the existing potential of financial integration for economic growth, the immediate question to ask is: where is such potential to be found, in which parts of the financial system is financial integration more advanced, where is it still lagging behind?
In sum: what is the state of play of financial integration in Europe? A prerequisite for any action is the analysis of the state of financial integration in the euro area and the monitoring of the progress of financial integration over time.