Financial Market Integration in the US: Lessons for Europe?
AbstractThe introduction of the euro marks a milestone in the integration of financial markets in Europe and is expected to increase capital mobility among the members of Euroland. This paper argues that experience of the United States with financial market integration can potentially serve as a benchmark for the integration effects in Europe. Despite the restrictions to the regional expansion of banks that have prevailed in the US until recently, the degree of financial integration tends to exceed that within Europe. Implications of economic barriers to free capital mobility in Europe for monetary policy and banking supervision are discussed. Comparative Economic Studies (2002) 44, 46–71; doi:10.1057/ces.2002.4
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Comparative Economic Studies.
Volume (Year): 44 (2002)
Issue (Month): 1 (April)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Marcello Bofondi & Giorgio Gobbi, 2004. "Bad Loans and Entry into Local Credit Markets," Temi di discussione (Economic working papers) 509, Bank of Italy, Economic Research and International Relations Area.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.