Publisher's Synopsis
The creation of a Single European Market for financial services and progress towards a single currency have created major challenges for institutions and policy makers alike.;In order to understand the changes taking place, from Economic and Monetary Union (EMU) to a European Central Bank, this book provides an overview of the conceptual and methodological foundations on which developments in EC financial markets rest. It draws together the key strands and gives insights into the major issues, including: liquidity in the informal and organized markets; the convergence of capital adequacy regulations; institutional developments; the regional banks; risk management and the European markets; and the emerging monetary and financial system and the economic geography of the new Europe.
