Arbeitspapier
Financial Market Integration in the US: Lessons for Europe?
The introduction of the euro is expected to increase capital mobility in Euroland. While, as in the US, a common monetary policy is now performed, institutional structures are inherently more heterogenous. This paper argues that experience of the US with financial market integration can potentially serve as a benchmark for the integration effects. The paper finds that, despite the restrictions to the regional expansion of banks that have prevailed, the degree of financial integration within the US tends to exceed that within Europe. Implications of barriers to the free mobility of capital for monetary policy and banking supervision are discussed.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1004
- Klassifikation
-
Wirtschaft
- Thema
-
financial market integration
deregulation
Europe
Finanzmarkt
Marktintegration
Interregionale Kapitalmobilitaet
Kapitalmarktliberalisierung
Geldpolitik
Bankenaufsicht
Vereinigte Staaten
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buch, Claudia M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute of World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Buch, Claudia M.
- Kiel Institute of World Economics (IfW)
Entstanden
- 2000
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