Handbook of European Financial Markets and Institutions

The development and integration of financial markets is at the forefront of academic and policy debates around the world. Nowhere is this more in evidence than in Europe where the integration of financial markets is a primary objective of the European Commission and fully supported by the European Central Bank. This book brings together leading economists from across the world to analyse the central issues in the development and integration of financial markets from a European perspective whilst highlighting their global relevance. Financial Markets and Institutions is a must-have reference for policymakers, financial market practitioners, and graduate students and academics with an interest in this increasingly important area. Each contribution is written in a rigorous but non-technical fashion, drawing on the latest theories and empirical evidence making them accessible to lay readers as well as academic specialists. Contributors to this volume - Kpate Adjaoute, HSBC Private Bank (Suisse) SA Philippe Aghion, Harvard University Franklin Allen, The Wharton School of Business, University of Pennsylvania Ronald W. Anderson, London School of Economics Lieven Baele, Tilburg University John Berrigan, European Commission Ulrich Bindseil, European Central Bank Mike Burkart, Stockholm School of Economics Michael K F Chui, Bank for International Settlements Luis Correia da Silva, Oxera Jean-Pierre Danthine, University of Lausanne E Philip Davis, Brunel University Francois Degeorge, Swiss Institute, University of Lugano Hans Degryse, Katholieke Universiteit Leuven and Tilburg University Annalisa Ferrando, European Central Bank Maciej Firla-Cuchra, Oxera Julian Franks, London Business School Xavier Freixas, Universitat Pompeu Fabra Thomas P. Gehrig, Universitat Freiburg Alberto Giovanni, UNIFORTUNE Asset Management Charles Goodhart, Financial Markets Group, London School of Economics Philipp Hartmann, European Central Bank Florian Heider, European Central Bank Boris Hofmann, Deutsche Bundesbank Cornelia Holthausen, European Central Bank Peter Hordahl, Bank for International Settlements Tim Jenkinson, Said Business School, Oxford University Sebnem Kalemli-Ozcan, University of Houston Elizaveta Krylova, European Central Bank Marco Lo Duca, European Central Bank Kenneth McKay, London School of Economics Angela Maddaloni, European Central Bank Ernst Maug, Universitat Mannheim Colin Mayer, Said Business School, Oxford University Cyril Monnet, European Central Bank Kjell G. Nyborg, Norwegian School of Economics and Business Administration Steven Ongena, Tilburg University Marco Pagano, Universita di Napoli Federico II, Fausto Panunzi, University of Bologna Elias Papaioannou, European Central Bank Ray Rees, Universitat Munchen Ailsa Roell, Columbia University Daniel Russo, European Central Bank Miguel Segoviano, International Monetary Fund Bent Sorensen, University of Houston Bernhard Speyer, Deutsche Bank Oren Sussman, Said Business School, Oxford University Kostas Tsatsaronis, Bank for International Settlements Natacha Valla, Banque de France Ernst-Ludwig Von Thadden, Universitat Mannheim Andreas Worms, Deutsche Bundesbank