The existence of significant differences in the organization of the
US and European financial markets prompts a number of important
questions. Firstly, is it possible to determine the type of
institutions that are more conducive to growth? Secondly, did the
financial markets play a key role in securing the growth and
prosperity of the US during the 1990s? A third issue is the effect
of the recent changes in the organization of the financial markets.
The last issue addressed relates to the effects on investment and
growth of the different corporate governance structures that
prevail in the various countries. By exploring the differences
between the financial markets in the US and Europe this book helps
the reader assess the role of financial markets in securing
investment and growth.
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