European Capital Markets with a Single Currency / Edition 1

by Jean Dermine, Pierre Hillion

Overview

One of the greatest events in financial history will occur in 1999: the birth of the euro and the emergence of a unified European capital market. This is the first academic text to consider the medium term impact of a single currency on these markets. Drawn from various countries and fields of research, the contributors analyze the structural effects of the introduction of the euro on European capital markets.

Product Details

ISBN-13:	9780198295396
Publisher:	Oxford University Press
Publication date:	04/08/1999
Edition description:	New Edition
Pages:	376
Product dimensions:	6.10(w) x 9.30(h) x 1.00(d)
Lexile:	1500L (what's this?)

About the Author

INSEAD Center for International Financial Services

INSEAD; CEPR Fellow

Table of Contents

Introduction1. European Capital Markets: Does the Euro Matter?, Jean DerminePart I. The Macroeconomics of EMU2. EMU, Monetary Policy, and Capital Markets, Daniel Gros and Karel Lannoo3. An International Role for the Euro?, Charles WyploszPart II. The Fixed-Income Markets4. Yield Spreads and Optimal Deby Management under the Single Currency, Lars Nielsen5. The Exposure of International Corporate Bond Returns to Exchange Rate Risk, Gordon Delianedis and Pedro Santa Clara6. European Futures and Options Markets in a Single Currency Environment, Alfred SteinherrPart III. The Equity Markets7. The Single European Currency and World Equity Markets, Giorgio De Santis, Bruno Gérard, and Pierre Hillion8. European Stock Markets and European Unification, Bruno BiaisPart IV. Strategic Industry Implications9. The Asset Management Industry in Europe: Competitive Structure and Performance under EMU, Ingo Walter10. The European Securities Industry under a Single Currency, Roy Smith