Elements of the Euro Area
Integrating Financial Markets
Published on 14. July 2005
Book
Hardback
402 pages
978-0-7546-4320-3 (ISBN)
Description
As time elapses since the introduction of the Euro, it is legitimate to start asking what impact the new currency and the single monetary policy have had on European integration. This book provides the most comprehensive review of financial integration in the euro area. The volume includes an introduction to the institutional features of the euro area and the literature on financial integration. It examines developments in the financial structures at large and moves forward to focus on specific areas pertaining to financial intermediaries, the bond and equity markets, and market-based debt finance. It is particularly suited to researchers and students of developments in the euro area, central banking, money and banking, as well as international relations and international business more generally. While the introductory chapters will help in bringing undergraduates on board, the later chapters will particularly benefit the early graduate student as well as the professional observer.
More details
Series
Language
English
Place of publication
United Kingdom
Publishing group
Taylor & Francis Ltd
Illustrations
108 b&w illus
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-0-7546-4320-3 (9780754643203)
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Schweitzer Classification
Persons
Jesper Berg is Head of Market Operations at the Denmarks National bank and formerly Head of Division in the Capital Markets and Financial Structure Division of the European Central Bank (ECB), Germany. Mauro Grande is Director of Financial Supervision and Stability, ECB, Germany. Francesco Paolo Mongelli is Advisor for the Directorate General Economics, ECB, Germany.
Content
Introduction, summary and some final remarks, Jesper Berg, Mauro Grande and Francesco Paolo Mongelli. Some Background Information and International Comparisons: Some international comparisons of the economic and financial structure of the Euro area, Jung-Duk Lichtenberger; A brief comparison of the Eurosystem, the US fed, and the bank of Japan, Dieter Gerdesmeier, Jung-Duk Lichtenberger and Francesco Paolo Mongelli; Concepts and measures of financial integration, Annalisa Ferrando and Jukka Vesala; EU policies to support financial integration, Frank Dierick. Changes in the financial structure: how are Euro area financial structures changing?, Angela Maddaloni and Christoffer Kok Sorensen. Elements of Integration across Financial Services and Markets: What effects is EMU having on integration of financial services?, Frank Dierick and Jukka Vesala; Integration of the money market in the Euro area, Tom Bernhardsen and Steen Ejerskov; Bond and equity market integration, Lieven Baele and Annalisa Ferrando. A Case Study: the Integration of Transmission Processes: External finance premia in the Euro area: stage three of EMU versus stage two, Gabe de Bondt; Index.