LEADER 04008nam 2200601Ia 450 001 9910840625603321 005 20230422040941.0 010 $a1-280-26964-2 010 $a9786610269648 010 $a0-470-32918-1 010 $a0-470-84276-8 010 $a0-470-01329-X 035 $a(CKB)111004366694276 035 $a(EBL)220520 035 $a(OCoLC)475926058 035 $a(SSID)ssj0000150299 035 $a(PQKBManifestationID)11165234 035 $a(PQKBTitleCode)TC0000150299 035 $a(PQKBWorkID)10280156 035 $a(PQKB)11190213 035 $a(MiAaPQ)EBC220520 035 $a(EXLCZ)99111004366694276 100 $a19990525d2000 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Euro capital market$b[electronic resource] /$fDaniel Gros and Karel Lannoo 210 $aChichester, England ;$aNew York $cWiley$dc2000 215 $a1 online resource (218 p.) 300 $aDescription based upon print version of record. 311 $a0-471-99762-5 320 $aIncludes bibliographical references (p. 185-191) and index. 327 $aContents; 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 markets 327 $aIntermediaries 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 standards 327 $aThe 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; Y 330 $aThe 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 rad 606 $aCapital market$zEuropean Union countries 606 $aMonetary policy$zEuropean Union countries 615 0$aCapital market 615 0$aMonetary policy 676 $a332.4566 676 $a332/.0414 700 $aGros$b Daniel$f1955-$0125725 701 $aLannoo$b Karel$0736169 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910840625603321 996 $aThe Euro capital market$94142031 997 $aUNINA