Banks and Markets: The Changing Character of European Finance / Luigi Zingales, Raghuram G. Rajan.

Format:

Book

Author/Creator:

Zingales, Luigi.

Contributor:

National Bureau of Economic Research.

Rajan, Raghuram G.

Series:

Working Paper Series (National Bureau of Economic Research) no. w9595.

NBER working paper series no. w9595

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Banks and Markets

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2003.

Summary:

In the last two decades the European financial markets have become more market oriented. We analyze the economic and political forces that have triggered these changes as well as their likely welfare implications. We also try to assess whether this trend will continue. Based on our analysis, we conjecture that even if Europe might benefit from a continuation of the trend, in the near future political support for it is likely to become much weaker. Furthermore, without serious reforms, the trend is likely to benefit Southern Europe less than Northern Europe

Notes:

Print version record

March 2003.