Integrating Europe's Financial Markets

Integrating Europe's Financial Markets
Author: Mr.Jörg Decressin
Publisher: International Monetary Fund
Total Pages: 281
Release: 2007-09-12
Genre: Business & Economics
ISBN: 1589066235

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.

Elements of the Euro Area

Elements of the Euro Area
Author: Mauro Grande
Publisher: Routledge
Total Pages: 449
Release: 2018-10-26
Genre: Political Science
ISBN: 0429828462

First published in 2005, this volume considers that, 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.

Europe's Untapped Capital Market

Europe's Untapped Capital Market
Author: Diego Valiante
Publisher: Centre for European Policy Studies
Total Pages: 0
Release: 2016
Genre: Capital market
ISBN: 9781786600448

This book builds on a year-long discussion with a group of academics, policy-makers and industry experts to provide a long-term contribution to the Capital Markets Union project, launched by the European Commission in 2015. It identifies 36 cross-border barriers to capital mar...

European Financial Markets and Institutions

European Financial Markets and Institutions
Author: Jakob de Haan
Publisher: Cambridge University Press
Total Pages: 439
Release: 2009-01-15
Genre: Business & Economics
ISBN: 0521882990

Written for undergraduate and graduate students, this textbook provides a fresh analysis of the European financial system.

Handbook of European Financial Markets and Institutions

Handbook of European Financial Markets and Institutions
Author: Xavier Freixas
Publisher:
Total Pages: 848
Release: 2008-01-03
Genre: Business & Economics
ISBN:

Written by leading academics and practitioners, this book provides an overview of financial markets and addresses major policy issues using the most advanced tools of theoretical and empirical economic analysis. In particular, the book focuses on financial integration and the structural reforms now taking place in the European financial sector.

The Economic Integration of Europe

The Economic Integration of Europe
Author: Richard Pomfret
Publisher: Harvard University Press
Total Pages: 273
Release: 2021-06-08
Genre: Business & Economics
ISBN: 0674259432

The clearest and most up-to-date account of the achievements—and setbacks—of the European Union since 1945. Europe has been transformed since the Second World War. No longer a checkerboard of entirely sovereign states, the continent has become the largest single-market area in the world, with most of its members ceding certain economic and political powers to the central government of the European Union. This shift is the product of world-historical change, but the process is not well understood. The changes came in fits and starts. There was no single blueprint for reform; rather, the EU is the result of endless political turmoil and dazzling bureaucratic gymnastics. As Brexit demonstrates, there are occasional steps backward, too. Cutting through the complexity, Richard Pomfret presents a uniquely clear and comprehensive analysis of an incredible achievement in economic cooperation. The Economic Integration of Europe follows all the major steps in the creation of the single market since the postwar establishment of the European Coal and Steel Community. Pomfret identifies four stages of development: the creation of a customs union, the deepening of economic union with the Single Market, the years of monetary union and eastward expansion, and, finally, problems of consolidation. Throughout, he details the economic benefits, costs, and controversies associated with each step in the evolution of the EU. What lies ahead? Pomfret concludes that, for all its problems, Europe has grown more prosperous from integration and is likely to increase its power on the global stage.

The New World Order in International Finance

The New World Order in International Finance
Author: G. Underhill
Publisher: Springer
Total Pages: 345
Release: 1997-04-12
Genre: Business & Economics
ISBN: 1349253154

The author provides a clear portrait of the dramatic transformation of the global financial system in the late 20th century. Drawing on work by a prestigious and interdisciplinary set of specialists, this volume looks at the political economy of individual sectors of the financial services industry, at regional market patterns such as the EU and NAFTA, and at individual countries from the Asian NICs to Europe and the United States. The book captures the complexity and dynamics of a sector with vital implications for the future of global economic development.

Financial Integration in the European Union

Financial Integration in the European Union
Author: Roman Matoušek
Publisher: Routledge
Total Pages: 361
Release: 2012-03-15
Genre: Business & Economics
ISBN: 1136339698

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.

Single Markets

Single Markets
Author: Michelle Egan
Publisher: OUP Oxford
Total Pages: 300
Release: 2015-01-22
Genre: Political Science
ISBN: 0191045705

This timely book provides in-depth analytical comparison of the nineteenth century evolution of the American single market with corresponding political, economic, and social developments in post-WWII European efforts to create a single European market. Building the regulatory framework needed for successful adoption of an integrated single market across diverse political units represents one of the most important issues in comparative political economy. What accounts for the political success or failure in creating integrated markets in their respective territories? When social discontent threatens market integration with populist backlash, what must be done to create political support and greater legitimacy? Single Markets focuses on the creation of integrated economies, in which the United States and European Union experienced sharply contested ideas about the operation of their respective markets, conflict over the allocation of institutional authority, and pressure from competing political, economic, and social forces over the role and consequences of increased competition. Drawing upon four case studies, the book highlights the contestation surrounding the US and EUs efforts to create common currencies, expand their borders and territories, and deal with the pressures of populist parties, regional interests and varied fiscal and economic challenges. Theoretically, the book draws on work in European integration and American Political Development (APD) to illustrate that the consolidation of markets in the US and EU took place in conjunction with the expansion of state regulatory power and pressure for democratic reform. Single Markets situates the consolidation of single markets in the US and EU in a broader comparative context that draws on research in economics, public administration, political science, law, and history.