The Euro - A challenge and opportunity for financial markets

Author(s): by Michael Artis, Axel Weber, and Elizabeth Hennessy

Date published: Apr 2000

edited by Michael Artis, Axel Weber, and Elizabeth Hennessy, Routledge International Studies in Money and Banking, Routledge, London, New York, 2000

ISBN 0-415-21710-5

In this book, leading financial professions and academics examine the prospects for the European single currency, widely seen as heralding a 'quantum leap' for European financial markets. The impact of the euro, and its implications for European market integration, are examined in terms of three core factors: risk and opportunities for financial intermediaries; challenges for monetary and supervisory authorities; issues for portfolio management and corporate finance. The discussion embraces key topics such as the Maastricht Treaty design for the European Bank, and its possible loopholes, and the assumption that the European capital market will emerge to challenge the US market in scale and liquidity. This book is based on the proceedings of the 21st SUERF Colloquium held in Frankfurt in 1999.

Purchase Colloquium Volume from Routledge at http://www.routledge.com/books/details/9780415217101/