European financial markets after EMU: A first assessment


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



URL: https://www.unil.ch/de/files/live/sites/de/files/w...
Additional URL: https://ideas.repec.org/p/lau/crdeep/00.03.html
Document Type: Working paper
Year of publication: 2000
The title of a journal, publication series: Cahiers de Recherches Économiques
Volume: 00-03
Place of publication: Lausanne
Publishing house: Département d'Econométrie et d'Economie Politique, Université de Lausanne ; HEC
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 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.

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




+ Citation Example and Export

Danthine, Jean-Pierre ; Giavazzi, Francesco ; Thadden, Ernst-Ludwig von (2000) European financial markets after EMU: A first assessment. Cahiers de Recherches Économiques Lausanne 00-03 [Working paper]


+ Search Authors in

+ Page Views

Hits per month over past year

Detailed information



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item