Titre
The Effect of EMU on Financial Markets : A First Assessment
Type
partie de livre
Institution
UNIL/CHUV/Unisanté + institutions partenaires
Auteur(s)
Danthine, J.-P.
Auteure/Auteur
Giavazzi, F.
Auteure/Auteur
von Thadden, E.-L.
Auteure/Auteur
Éditeur(s)
Wyplosz, C.
Liens vers les personnes
Liens vers les unités
Maison d’édition
Oxford University Press
Titre du livre ou conférence/colloque
EMU: Its Impact on Europe and the World
Statut éditorial
Publié
Date de publication
2001
Langue
anglais
Résumé
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.
PID Serval
serval:BIB_655EBD6ACA86
Date de création
2007-11-19T09:30:47.699Z
Date de création dans IRIS
2025-05-20T21:49:59Z