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Macroeconomic and Financial Aspects of Euro-Area Development

Author

Listed:
  • Michal Mejstøík

Abstract

This paper describes euro-area financial development based on the implementation of the third stage of the European Monetary Union. A survey of studies conducted by the European Central Bank is presented, complemented by a summation of a number of related academic papers, including those of the 22nd SUERF Colloquium. The author focuses on the impact of single currency on the structure of financial markets, confirming the faster-than-expected growth of the euro on the capital market, and discusses the remaining rigidity as well as newly born risks.

Suggested Citation

  • Michal Mejstøík, 2000. "Macroeconomic and Financial Aspects of Euro-Area Development," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 50(6), pages 310-325, June.
    • Handle: RePEc:fau:fauart:v:50:y:2000:i:6:p:310-325
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    File URL: http://journal.fsv.cuni.cz/mag/article/show/id/416
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    More about this item

    Keywords

    financial markets; international finance; EMU;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • F30 - International Economics - - International Finance - - - General

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