The Effect of EMU on Financial Markets : A First Assessment

Détails

ID Serval
serval:BIB_655EBD6ACA86
Type
Partie de livre
Collection
Publications
Institution
Titre
The Effect of EMU on Financial Markets : A First Assessment
Titre du livre
EMU: Its Impact on Europe and the World
Auteur⸱e⸱s
Danthine J.-P., Giavazzi F., von Thadden E.-L.
Editeur
Oxford University Press
Statut éditorial
Publié
Date de publication
2001
Editeur⸱rice scientifique
Wyplosz C.
Langue
anglais
Résumé
This paper reviews the first evidence on the impact of European Monetary Union on European capital markets, one year after the launch of the single currency. Our assessment of this evidence is very favourable. On almost all counts EMU has either changed the European financial landscape already drastically or has the potential to do so in the future. We argue that this is less due to the well-known direct effects of EMU, such as the elimination of intra-European currency risk, than to a number of indirect consequences through feedback mechanisms that seem to have been triggered by EMU.
Mots-clé
European Monetary Union, european capital markets
Création de la notice
19/11/2007 11:30
Dernière modification de la notice
20/08/2019 15:21
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