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European Financial Markets After EMU: A First Assessment Author info | Abstract | Publisher info | Download info | Related research | Statistics Jean-Pierre Danthine
Francesco Giavazzi
Ernst-Ludwig von Thadden
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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.
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8044.
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Date of creation: Dec 2000Date of revision:
Handle: RePEc:nbr:nberwo:8044Note: IFMContact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A. Phone: 617-868-3900 Email: Web page: http://www.nber.org More information through EDIRC
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Paper Jean-Pierre DANTHINE & Francesco GIAVAZZI & Ernst-Ludwig VON THADDEN, 2000.
"European Financial Markets After EMU: A First Assessment ,"
Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP)
00.03, Université de Lausanne, Faculté des HEC, DEEP, revised May 2000.
[Downloadable!] Jean-Pierre DANTHINE & Francesco Giavazzi & Ernst-Ludwig von Thadden, 2000.
"European Financial Markets After EMU: A First Assessment ,"
FAME Research Paper Series
rp13, International Center for Financial Asset Management and Engineering.
[Downloadable!] Danthine, Jean-Pierre & Giavazzi, Francesco & von Thadden, Ernst-Ludwig, 2000.
"European Financial Markets After EMU: A First Assessment ,"
CEPR Discussion Papers
2413, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Find related papers by JEL classification: E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
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