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European Financial Integration (Paperback, Revised)
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European Financial Integration (Paperback, Revised)
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Capital markets are affected at least as much as goods markets by
the European Community's drive for greater economic integration.
The removal of capital controls on 1 July 1990 has far-reaching
consequences for the EMS and for cross-border investment, and plans
for economic and monetary union foreshadow fundamental upheavals at
the heart of the financial system, in central banking and monetary
and fiscal policy. This volume reports the proceedings of a
conference on European financial integration held in Rome in
January 1990, which was organised by the Centre for Economic Policy
Research and the Instituto Mobiliare Italiano. In this volume,
leading international experts examine the implications of
integration for the structure and regulation of capital markets,
the changing relationships between the corporate and banking
sectors throughout the Community, the distortionary effects of
differing taxation policies among member states and possible means
of overcoming them, and alternative routes to European monetary
union.
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