Research Catalog

Title

Financial Market Integration in the Euro Area [electronic resource] / Carl Gjersem

Author

Gjersem, Carl.

Publication

Paris : OECD Publishing, 2003.

Details

Description

60 p.; 21 x 29.7cm.

Summary

Although there is no single yardstick to gauge the degree of integration, there is ample evidence that financial markets in the euro area have some way to go before national demarcation lines will effectively disappear and financial market integration is satisfactory. While there has been a push towards integration from the centre, global developments, such as advances in information technology, falling communication costs and standardisation of products, have been the main drivers, while national policies often acted as an impediment. The integration of financial markets finally became a policy priority with the adoption of the FSAP as part of the Cardiff process launched in 1998. For the European Union to have a fully satisfactory regulatory framework for financial markets in place in 2005, further efforts are needed. This paper takes stock of current developments and proposes a set of further suggestions for policy action ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.368

Uniform Title

OECD Economics Department Working Papers, no.368.

Subject

• Economics
• Euro Area

LCCN

10.1787/580278274030

OCLC

oecd-lib-003543

Author

Gjersem, Carl.

Title

Financial Market Integration in the Euro Area [electronic resource] / Carl Gjersem

Imprint

Paris : OECD Publishing, 2003.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.368

OECD Economics Department Working Papers, 1815-1973 ; no.368.

Connect to:

http://dx.doi.org/10.1787/580278274030

Indexed Term

Economics

Euro Area

Other Standard Identifier

10.1787/580278274030 doi