The origins of Europe's new stock markets / Elliot Posner.

Format:

Book

Author/Creator:

Posner, Elliot, 1965- author.

Language:

English

Subjects (All):

Stock exchanges--Europe.

Stock exchanges.

Capital market--Europe.

Capital market.

Physical Description:

1 online resource (261 pages)

Place of Publication:

Cambridge, Massachusetts ; London, England : Harvard University Press, [2009]

Summary:

Between 1995 and 2007, financial elites in more than a dozen western European countries engaged in a cross-border battle to create some twenty new stock markets, many of which were explicitly modeled on the American Nasdaq. The resulting high-risk, high-reward markets facilitated wealth creation, rewarded venture capitalists, and drew major U.S. financial players to Europe. But they also chipped away at the European social compacts between national governments and citizens, opening the door of smaller company finance to the broad trend of marketization and its bounties, and further subjecting European households and family businesses to the rhythms of global capital. Elliot Posner explores the causes of Europe’s emergence as a global financial power, addressing classic and new questions about the origins of markets and their relationship to politics and bureaucracy. In doing so, he attributes the surprising large-scale transformation of Europe’s capital markets to the rise of the European Union as a global political force. The effect of Europe’s financial ascendance will have major ramifications around the world, and Posner’s analysis will push market participants, policymakers, and academics to rethink the sources of financial change in Europe and beyond.

Contents:

Frontmatter

Contents

List of Tables and Figures

Acknowledgments

List of Abbreviations

CHAPTER 1 Europe’s New Stock Markets

CHAPTER 2 Markets, Politics, and Bureaucrats

CHAPTER 3 The Early History of a Brussels Initiative

CHAPTER 4 Creating Feeder Markets in the United Kingdom and France, 1977–1987

CHAPTER 5 Capital Mobility, Politics, and New Financial Interests, 1992–1994

CHAPTER 6 A Brussels Intervention and Europe’s New Stock Markets, 1994–2007

CHAPTER 7 Taking Stock of the European Union’s Financial Transformation

Conclusion

Notes

Index

Notes:

Description based on print version record.

Other Format:

Print version: Posner, Elliot The Origins of Europe's New Stock Markets

ISBN:

9780674268906

0674268903

9780674268890

067426889X

OCLC:

1285361052