Integrating Europe's Financial Markets / Jörg Decressin, Wim Fonteyne, Hamid Faruqee.

Format:

Book

Government document

Author/Creator:

Decressin, Jörg.

Contributor:

Faruqee, Hamid.

Fonteyne, Wim.

International Monetary Fund.

Series:

Books

Language:

English

Subjects (All):

European Union--Economic integration.

European Union.

Finance--Europe.

Finance.

Capital market--Europe.

Capital market.

Financial institutions--Europe.

Financial institutions.

Physical Description:

1 online resource (510 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

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.

Contents:

Toward a single financial market / Wim Fonteyne

Pt. 1. Financial integration

Key concepts, benefits, and risks / Hamid Faruqee

Current state of play / Francois Haas

Comparing Europe and the United States / Jorg Decressin and Beata Kudela

Equity market integration / Hamid Faruqee

Pt. 2. Financial stability

Risk profiles of financial institutions / Alexander Tieman, Gianni De Nicolo, and Robert Corker

Internationally active large banking groups / Alexander Tieman and Martin Cihak

Bank business correlations / Jorg Decressin

Assessing current prudential arrangements / Martin Cihak and Alexander Tieman

Financial integration and stability / Wim Fonteyne and Jan-Willem van der Vossen.

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 238-261).

Description based on print version record.

ISBN:

9786613847096

9781462388578

1462388574

9781452794747

145279474X

9781283534642

1283534649

9781451931754

1451931751

OCLC:

867926467