03985nam 2200601Ia 450 991087712210332120200520144314.01-280-26964-297866102696480-470-32918-10-470-84276-80-470-01329-X(CKB)111004366694276(EBL)220520(OCoLC)475926058(SSID)ssj0000150299(PQKBManifestationID)11165234(PQKBTitleCode)TC0000150299(PQKBWorkID)10280156(PQKB)11190213(MiAaPQ)EBC220520(EXLCZ)9911100436669427619990525d2000 uy 0engur|n|---|||||txtccrThe Euro capital market /Daniel Gros and Karel LannooChichester, England ;New York Wileyc20001 online resource (218 p.)Description based upon print version of record.0-471-99762-5 Includes bibliographical references (p. 185-191) and index.Contents; List of Tables; List of Graphs; Preface; Foreword; Executive Summary; Introduction; 1 The Institutional and Regulatory Framework; The European Central Bank and its Monetary Policy; The institutional framework; Strategy; Monetary instruments; The Regulatory Framework for Capital Market Operators and Products; The regulatory framework; New priorities; 2 European Capital Markets at the Start of EMU; European Capital Markets: an Overview; Stock markets; Bond markets; The former euro-bond market; Money and foreign exchange markets; Derivative marketsIntermediaries in European Capital MarketsBanks; Institutional investors; Clearing and settlement agents; 3 Market Restructuring and EMU; A More Market-based System to Emerge?; Asset Allocation in EMU; Bond Markets in the Euro Zone; Prospects for the sovereign debt market; A corporate bond market to emerge?; Mortgage loan markets; Equity and Derivatives Markets; Securities Clearing and Settlement Bodies; Financial Centres; 4 Governance and Policy; Inconsistencies within a Single Capital Market; Differences in taxation and related regulations; Accounting standardsThe wider corporate governance frameworkThe Implications of EMU for Capital Market Supervision; The EU framework; Securities market regulation in EMU and beyond; Implications of EMU for Prudential Control; The rationale for prudential supervision; The institutional set-up; The international dimension; The implications of EMU and the role of the ECB; Outlook; Conclusions; Appendix 1: Statistical Appendix; Appendix 2: The EU Regulatory Framework for the Free Provision of Financial Services; References; Index; A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; R; S; T; U; V; W; X; YThe authors predict that the impact will be far-reaching, leading to a more liquid, mature and efficient capital market. The structure of capital markets in Europe and the behaviour of actors in these markets will be fundamentally affected, leading to a more integrated market. For monetary union to achieve its real objective, policy makers will need to address a wide variety of outstanding issues, in particular the taxation of savings income, accounting standards, capital market regulation and financial supervision.The start of monetary union on 1 January 1999 launched a process of radCapital marketEuropean Union countriesMonetary policyEuropean Union countriesCapital marketMonetary policy332.4566332/.0414Gros Daniel1955-125725Lannoo Karel736169MiAaPQMiAaPQMiAaPQBOOK9910877122103321The Euro capital market4186498UNINA