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Author: Jörg Decressin Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 292
Book Description
This publication traces the European Union's journey along the path to a single financial market and identifies the challenges and priorities that remain ahead. It examines recent integration efforts in the EU following the introduction of the euro, the importance of financial integration for economic growth, the interplay between banks and markets, and equity market integration, as well as the relationship between financial integration and financial stability.
Author: Mr.Jörg Decressin Publisher: International Monetary Fund ISBN: 1589066235 Category : Business & Economics Languages : en Pages : 281
Book Description
By and large, EU financial integration has been a success story. Still, the reform agenda is far from finished. What are the remaining challenges? What are the gains of closer financial market integration? This IMF book tracks the European Union's journey along the path to a single financial market and identifies the challenges and priorities that remain ahead. It pays particular attention to the most recent integration efforts in the European Union following the introduction of the euro. The study looks at the importance of financial integration, in particular for economic growth, the interplay between banks and markets, and equity market integration. It closely examines the relationship between financial integration and financial stability. This interaction presents the European Union with a challenge, but also with the opportunity to play a pioneering role in developing a regional approach to financial stability that could provide lessons for the rest of the world.
Author: Amir N. Licht Publisher: ISBN: Category : Languages : en Pages :
Book Description
Western Europe today boasts some 35 stock exchanges. It is almost unanimously agreed that this number is too high and that in the future, European stock markets are likely to become fewer in number and more internationalized in their listings, trading, and membership.Europe has also witnessed more exercises in stock market integration compared with any other region in the world. Initiatives toward this end were undertaken by regulators as well as the private sector (stock exchanges and investors). Consequently, Europe may be viewed as a gigantic laboratory in which real-life experiments in stock market integration were held. The fact that most of those efforts had failed or were abandoned first attests to the difficulties in achieving this goal. It may also indicate the conditions which should be more conductive to success. The paper attempts to tell the story of European stock market integration in a way that highlights the difficulties in attaining cooperation and the tools that were used to overcome them.The main theme of this paper is that this integration process can only be understood as an integral part of a broader economic and political integration which EU countries have been pursuing for some 40 years. The European experience shows that considerable compromises are required for bringing about stock market integration. It is the broader framework of the EU, with its institutions, political implications, and momentum, that ensures that stock market integration proceeds on track, even if with occasional halts.
Author: Paul J.J. Welfens Publisher: Springer Science & Business Media ISBN: 3642162746 Category : Business & Economics Languages : en Pages : 411
Book Description
Financial capital, whether mediated through the financial market or Foreign Direct Investment has been a key factor in European economic growth. This book examines the interaction between European and global financial integration and analyses the dynamics of the monetary sector and the real economy in Europe. The key analytical focus is on the theoretical and empirical dynamics of financial markets in Europe, however, it also provides regional case studies of key institutional developments and lessons from foreign direct investment. There is a broad range of findings for Central, Eastern and Western Europe as well as EU Partner Countries. Crucially the analysis includes new approaches and options for solving the transatlantic banking crisis and suggests policy innovations for a world with unstable financial markets.
Author: Scott McCleskey Publisher: Butterworth-Heinemann ISBN: 9780750657457 Category : Business & Economics Languages : en Pages : 184
Book Description
Providing an overview of the infrastructure of European Securities markets, this text offers topical analysis of developments and trends in market integration. The author provides industry professionals with a concise exposition of how the post-Euro market works, as well as offering laymen an entry point into the subject. Topics include: wholesale electronic execution; central counterpart clearing; and consolidation of the securities depositories.
Author: E. Dorodnykh Publisher: Springer ISBN: 1137381701 Category : Business & Economics Languages : en Pages : 156
Book Description
This book provides an original approach to the determinants of stock exchange integration. With case studies of successful integration projects in Europe, North America, Latin America as well as intercontinental cross-border mergers, it provides a complete analysis of all existing integration projects between stock exchange markets.
Author: Roman Matoušek Publisher: Routledge ISBN: 1136339701 Category : Business & Economics Languages : en Pages : 281
Book Description
This edited collection assesses the level of financial integration in the European Union (EU) and the differences across the countries and segments of the EU financial system. Progress in financial integration is key to the EU’s economic growth and competitiveness and although it has advanced substantially, the process is still far from completion. This book focuses on the pace of financial integration in the EU with special emphasis on the new EU Member States and investigates their progress in comparison with ‘old’ EU countries. The book is the first of its kind to include and evaluate the effects of the global financial crisis on the process of EU financial integration. In particular, the book’s contributors address the issue of whether a high degree of financial integration contributed to the intensification of the financial crisis, or whether a low level of integration prevented countries and financial industries from some of the negative effects of the crisis. Although most of the chapters apply contemporary econometric tools, the technical part is always reduced to indispensable minimum and the emphasis is given to economic interpretation of the results. The book aims to offer an up to date and insightful examination of the process of financial integration in the EU today.
Author: Jörg Decressin
Author: Mr.Jörg Decressin
Author: Amir N. Licht
Author: Paul J.J. Welfens
Author: Gikas Angelos Hardouvelis
Author: 
Author: Scott McCleskey
Author: Markus Baltzer
Author: 
Author: E. Dorodnykh
Author: Roman Matoušek