The Euro, Capital Markets, and Dollarization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Euro, Capital Markets, and Dollarization write by Edward B. Flowers. This book was released on 2002. The Euro, Capital Markets, and Dollarization available in PDF, EPUB and Kindle. Describes the economic and capital market results of the institution of the single currency, the euro, in Europe after January 2000. Does it foreshadow increased capital market efficiency and labour migration, huge cross-border mergers and the division of the world into currency blocs?
Dollarization
Dollarization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dollarization write by Louis-Phillipe Rochon. This book was released on 2003-05-22. Dollarization available in PDF, EPUB and Kindle. The international array of contributors have managed quite a feat - an interesting book that expertly draws comparisons between dollarization and Euroland. This study is a must for anyone interesting in the world of international finance.
Dollarization
Dollarization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dollarization write by Eduardo Levy Yeyati. This book was released on 2003. Dollarization available in PDF, EPUB and Kindle. Theoretical and empirical analysis of de jure dollarization. With the persistent instability of international financial markets, emerging economies are exploring new ways to reduce exposure to capital flow volatility. Some analysts argue that financially open economies are best served by more flexible regimes, while others argue in favor of extreme exchange rate regimes that have a strong commitment to a fixed parity or dispense with an independent currency. The successful launch of the euro has made more realistic the prospect of replacing a national currency with a strong foreign one. Recent examples include the adoption of the US dollar by Ecuador and El Salvador. The introduction of a foreign currency as sole legal tender, termed full (de jure) dollarization, has been the center of much political and academic debate. This book provides a comprehensive analysis of the issues from both theoretical and empirical perspectives. The topics discussed include the role of balance sheet effects, the linkage between currency risk and country risk, the impact of dollarization on trade, financial integration and credibility, the implications of dollarization for the lender of last resort, and the institutional and political economy aspects of dollarization.
European Capital Markets with a Single Currency
European Capital Markets with a Single Currency - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook European Capital Markets with a Single Currency write by Jean Dermine. This book was released on 1998. European Capital Markets with a Single Currency available in PDF, EPUB and Kindle.
The Euro Capital Market
The Euro Capital Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Euro Capital Market write by Daniel Gros. This book was released on 2001-12-11. The Euro Capital Market available in PDF, EPUB and Kindle. The 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 radical change in the structure of capital markets in Europe. Whereas previously, Europe had been fragmented into many diverse national markets, a single Euro capital market is now emerging. This book focuses on the long-term impact that the introduction of the euro will have on European capital markets and spells out implications for the financial sector and the wider economy. It discusses what further steps need to be taken to achieve a fully integrated market. In particular, the book examines: * The institutional and regulatory framework for European capital markets * The structure of European capital markets on the eve of EMU * The regional differences and the contrasts with the US capital market * The central role played by banks in European capital markets and the likelihood that a more market-based system may emerge * The implications of EMU for organised securities markets * The consequences for governance and policy, and more in particular for the taxation of savings income, securities market regulation and financial supervision
