Integrating financial markets in the European Union

書誌事項

Integrating financial markets in the European Union

Jan Lemmen

Edward Elgar, c1998

大学図書館所蔵 件 / 26

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

This timely book provides an innovative examination of financial integration in the European Union - an issue that has become of paramount importance in view of the commencement of European Economic and Monetary Union.The author begins by assessing three different methods of financial integration in the European Union: interest parity conditions, savings-investment correlations and consumption correlations. He goes on to examine the fundamental determinants of financial integration and analyses the factors likely to influence the movement of capital within the European Union. The blend of empirical and theoretical research provides the reader with a comprehensive account of the progress made in integrating financial markets in the European Union. Integrating Financial Markets in the European Union will be essential reading for students and scholars of monetary economics, international finance and European integration. It will also prove useful to practitioners and policymakers working in central banking and government.

目次

Contents: 1. Integrating Financial Markets in the European Union: An Introduction Part I: The Measurement of Financial Integration 2. The Price Approach to Financial Integration: Decomposing European Money Market Interest Differentials 3. The Quantity Approach to Financial Integration: The Feldstein-Horioka Criterion Revisited 4. Financial Integration in Europe: Evidence from Euler Equation Tests Part II: The Determination of Financial Integration 5. The Fundamental Determinants of Financial Integration in the European Union 6. Short-term and Long-term Government Debt and Nonresident Interest Withholding Taxes Part III: Conclusion 7. Summary and Conclusions

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