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The Euro And Capital Markets: A New Era

Author

Listed:
  • Peree, Eric

    (European Investment Bank, Economic and Financial Studies)

  • Steinherr, Alfred

    (European Investment Bank)

Abstract

This paper is organised as follows. Section 2 examines the forces that have changed the financial landscape at the world level over the last two decades. Section 3 summarises the arguments of how the introduction of the euro should add to these broader economic forces in reshaping euro financial markets. Section 4 verifies whether the actual experience since January 1999 has been in line with the ex ante expectations. Most of the analysis will be based on developments of the bond market. Section 5 offers some conclusions.

Suggested Citation

  • Peree, Eric & Steinherr, Alfred, 2001. "The Euro And Capital Markets: A New Era," Economic and Financial Reports 2001/3, European Investment Bank, Economics Department.
    • Handle: RePEc:ris:eibefr:2001_003
    as

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    References listed on IDEAS

    as
    1. E. P. Davis, 2001. "Multiple Avenues of Intermediation, Corporate Finance and Financial Stability," IMF Working Papers 2001/115, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Stefano Schiavo, 2005. "Euro bonds: in search of financial spillovers," Sciences Po publications 2, Sciences Po.
    2. repec:spo:wpecon:info:hdl:2441/7162 is not listed on IDEAS
    3. Bartram, Sohnke M. & Taylor, Stephen J. & Wang, Yaw-Huei, 2007. "The Euro and European financial market dependence," Journal of Banking & Finance, Elsevier, vol. 31(5), pages 1461-1481, May.
    4. Panayiotis Alexakis & Anna Vasila, 2010. "Equity Interconnections in Major European Markets," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 109-132.
    5. Söehnke Bartram & Stephen Taylor & Yaw-Huei Wang, 2004. "The Euro and European Financial Market Integration," Money Macro and Finance (MMF) Research Group Conference 2004 49, Money Macro and Finance Research Group, revised 13 Oct 2004.
    6. repec:hal:wpspec:info:hdl:2441/7162 is not listed on IDEAS
    7. repec:hal:spmain:info:hdl:2441/7162 is not listed on IDEAS
    8. Walter Waschiczek, 2004. "The Role of Corporate Bonds for Finance in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 39-52.

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    More about this item

    Keywords

    Euro; capital markets; bonds;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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