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Banks and Markets

其他書名	The Changing Character of European Finance
出版	National Bureau of Economic Research, 2003
URL	http://books.google.com.hk/books?id=_a6CHkp_90kC&hl=&source=gbs_api

註釋In the last two decades the European financial markets have become more market oriented. We analyze the economic and political forces that have triggered these changes as well as their likely welfare implications. We also try to assess whether this trend will continue. Based on our analysis, we conjecture that even if Europe might benefit from a continuation of the trend, in the near future political support for it is likely to become much weaker. Furthermore, without serious reforms, the trend is likely to benefit Southern Europe less than Northern Europe.