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European Financial Markets After EMU: A First Assessment / Jean-Pierre Danthine, Francesco Giavazzi, Ernst-Ludwig von Thadden.
- Format:
- Book
- Author/Creator:
- Danthine, Jean-Pierre.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8044.
- NBER working paper series no. w8044
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- European Financial Markets After EMU
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2000.
- Summary:
- 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.
- Notes:
- Print version record
- December 2000.
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