ABSTRACT
In this chapter, the author tries to answer the whether a high degree of integration of financial markets of any member country of the monetary union is an important factor which allows it to achieve more advantages than disadvantages in the monetary union. An empirical analysis using econometric methods was applied. The analysis deals with the financial market integration with the euro area in the case of financial markets of Slovakia and Slovenia. These are relatively new member countries of the EMU, and up to now, there has been a big gap between these countries and other EMU countries as far as the degrees of integration and economic convergence are concerned. It is an experiment that can be the basis for a broader discussion.
