Faryna, OleksandrVakh, Oksana2025-06-182025-06-182025https://ekmair.ukma.edu.ua/handle/123456789/35033This thesis aims to explore the linkages between financial integration and the dynamics of financial stability across CEE countries. The study focuses on testing the hypothesis that financial integration has a dual effect: on the one hand, it can contribute to economic growth and reduce financial stress; on the other hand, in the case of fragmentation or insufficient institutional capacity, it can increase vulnerability to external shocks.en-USfinancial integrationfinancial fragmentationfinancial stabilityfinancial stress indexeconomic integrationCentral and Eastern EuropeUkrainebachelor`s thesisOther