European financial markets after EMU: A first assessment


Danthine, Jean-Pierre ; Giavazzi, Francesco ; Thadden, Ernst-Ludwig von



URL: https://ssrn.com/abstract=229065
Additional URL: https://www.researchgate.net/publication/5162107_E...
Document Type: Working paper
Year of publication: 2000
The title of a journal, publication series: CEPR Discussion Paper
Volume: 2413
Place of publication: London
Publishing house: Centre for Economic Policy Research (CEPR)
Publication language: English
Institution: School of Law and Economics > VWL, Mikroökonomische Theorie (von Thadden)
Subject: 330 Economics
Abstract: 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 already drastically changed the European financial landscape 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.

Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation.




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Danthine, Jean-Pierre ; Giavazzi, Francesco ; Thadden, Ernst-Ludwig von (2000) European financial markets after EMU: A first assessment. CEPR Discussion Paper London 2413 [Working paper]


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