IDEAS home Printed from https://ideas.repec.org/p/ris/eibpap/2003_003.html
   My bibliography  Save this paper

The role and development of EU capital markets

Author

Listed:
  • Bishop, Graham

Abstract

The 1992 "Single Market" failed to create a real single market for financial services across Europe. However, the boom in bond issuance (stimulated by EMU) and the coincidental equity issuance boom have both led to dramatic changes in the infrastructure of financial markets. So, the EU is well past the point of no return in the creation of a single financial market. If regulatory reform can be certain, and coincide with the rising pillars of reform in the dealing and settlement systems, then a dramatic revolution of European financial services will have been achieved - within a decade of the start of EMU.

Suggested Citation

  • Bishop, Graham, 2003. "The role and development of EU capital markets," EIB Papers 3/2003, European Investment Bank, Economics Department.
    • Handle: RePEc:ris:eibpap:2003_003
    as

    Download full text from publisher

    File URL: http://www.eib.org/attachments/efs/eibpapers/eibpapers_2003_v08_n01_en.pdf#page=56
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Heinemann, Friedrich & Jopp, Mathias, 2002. "The benefits of a working European Retail Market for financial services: Report to European Financial Services Round Table," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 110486, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mann, Catherina L., 2003. "A fizetési mérleg hiánya és a hiány fenntarthatósága az Egyesült Államokban [Perspectives on the US current account deficit and sustainability]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 891-910.
    2. Catherine L. Mann, 2002. "Perspectives on the U.S. Current Account Deficit and Sustainability," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 131-152, Summer.
    3. Christoph Walkner & Jean-Pierre Raes, 2005. "Integration and consolidation in EU banking - an unfinished business," European Economy - Economic Papers 2008 - 2015 226, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Schüler, Martin & Heinemann, Friedrich, 2005. "The Costs of Supervisory Fragmentation in Europe," ZEW Discussion Papers 05-01, ZEW - Leibniz Centre for European Economic Research.
    5. Fernandez de Guevara, Juan & Maudos, Joaquin & Perez, Francisco, 2007. "Integration and competition in the European financial markets," Journal of International Money and Finance, Elsevier, vol. 26(1), pages 26-45, February.
    6. Juan Fernández de Guevara & Joaquín Maudos & Francisco Pérez, 2005. "Market Power in European Banking Sectors," Journal of Financial Services Research, Springer;Western Finance Association, vol. 27(2), pages 109-137, April.
    7. Maudos, Joaquin & Pérez, Francisco, 2004. "Convergencia, integración y competencia en los mercados financieros europeos [Convergence, integration and competition in the European financial markets]," MPRA Paper 15889, University Library of Munich, Germany, revised 2004.
    8. Carmen López Andión & José Manuel Maside Sanfiz & Ma Celia López Penabad, 2010. "Co-Integration between Mortgage Markets in the Monetary Union: 1995–2008," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 60(1), pages 40-57, February.
    9. repec:bla:jcmkts:v:41:y:2003:i::p:575-595 is not listed on IDEAS
    10. Peree, Eric & Riess, Armin, 2003. "The transformation of finance in Europe:introduction and overview," EIB Papers 1/2003, European Investment Bank, Economics Department.
    11. E. Philip Davis, 2002. "Le secteur européen de la gestion des pensions," Revue d'Économie Financière, Programme National Persée, vol. 68(4), pages 229-255.
    12. López Penabad, M.C. & Maside Sanfiz, J.M., 2005. "Integración Europea Y Sistemas De Financiación A La Vivienda /," Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE), Academia Europea de Dirección y Economía de la Empresa (AEDEM), vol. 11(3), pages 31-50.

    More about this item

    Keywords

    Single Market; Financial Services; bond and equity issuance; Financial Markets;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:eibpap:2003_003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Polyxeni Kanelliadou (email available below). General contact details of provider: https://edirc.repec.org/data/ceeiblu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.