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Handbook of European Financial Markets and Institutions
Edited by Xavier Freixas, Philipp Hartmann, and Colin Mayer
840 pages
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numerous tables and figures
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246x171mm
978-0-19-966269-2
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Paperback
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11 October 2012
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- Comprehensive coverage of financial markets and financial institutions from a European perspective
- Written by leading names in the field
- Highly topical issue of immense policy and practical significance
The development and integration of financial markets is at the forefront of academic and policy debates around the world. Nowhere is this more in evidence than in Europe where the integration of financial markets is a primary objective of the European Commission and fully supported by the European Central Bank. This book brings together leading economists from across the world to analyse the central issues in the development and integration of financial markets from a European perspective whilst highlighting their global relevance. Financial Markets and Institutions is a must-have reference for policymakers, financial market practitioners, and graduate students and academics with an interest in this increasingly important area. Each contribution is
written in a rigorous but non-technical fashion, drawing on the latest theories and empirical evidence making them accessible to lay readers as well as academic specialists.Readership: Policymakers in central banks, governments, and the European Commission; Practitioners in financial institutions and companies; Academics in business schools, economics, law, and politics departments.
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Edited by Xavier Freixas, Professor at the Universitat Pompeu Fabra and Barcelona GSE, Philipp Hartmann, Head of Financial Research, European Central Bank, and Colin Mayer, Peter Moores Dean and Professor of Management Studies, Saïd Business School Xavier Freixas (Ph D. Toulouse 1978) is Professor at the Universitat Pompeu Fabra and Barcelona GSE (Spain) and Research Fellow at CEPR.
Dr. Philipp Hartmann is Head of the Financial Research Division in the Directorate General Research of the European Central Bank (ECB) in Frankfurt. His previous positions include that of Principal of the Economic and Financial Research Unit at the ECB and Research Fellow for Financial Regulation at the London School of Economics and Political Science. Philipp Hartmann is also a Fellow of the Centre for Economic Policy Research (CEPR, London) and the Vice-President of SUERF, the European Money and Finance Forum.
Colin Mayer is the Peter Moores Professor of Management Studies and former Dean of the Said Business School at the University of Oxford. He is an Honorary Fellow of Oriel College, Oxford and of St Anne's College, Oxford. He is an Ordinary Member of the Competition Appeal Tribunal and a Fellow of the European Corporate Governance Institute (ECGI). He has served on the editorial boards of several leading academic journals and assisted in establishing the prestigious networks of economics, law and finance academics in Europe at the Centre for Economic Policy Research (CEPR) and ECGI. He was a Harkness Fellow at Harvard University, a Houblon-Norman Fellow at the Bank of England, and the first Leo Goldschmidt Visiting Professor of Corporate Governance at the Solvay Business School,
Université de Bruxelles. He was a director of Oxera between 1986 and 2010 and was instrumental in building the firm into what is now one of the largest independent economics consultancies in the UK. Contributors: Kpate Adjaoute, HSBC Private Bank (Suisse) SA Philippe Aghion, Harvard University Franklin Allen, The Wharton School of Business, University of Pennsylvania Ronald W. Anderson, London School of Economics Lieven Baele, Tilburg University John Berrigan, European Commission Ulrich Bindseil, European Central Bank Mike Burkart, Stockholm School of Economics Michael K F Chui, Bank for
International Settlements Luis Correia da Silva, Oxera Jean-Pierre Danthine, University of Lausanne E Philip Davis, Brunel University François Degeorge, Swiss Institute, University of Lugano Hans Degryse, Katholieke Universiteit Leuven and Tilburg University Annalisa Ferrando, European Central Bank Maciej Firla-Cuchra, Oxera Julian Franks, London Business School Xavier Freixas, Universitat Pompeu Fabra Thomas P. Gehrig, Universität Freiburg Alberto Giovanni, UNIFORTUNE Asset Management Charles Goodhart, Financial Markets Group, London School of Economics Philipp Hartmann, European Central Bank Florian Heider, European Central Bank Boris Hofmann, Deutsche Bundesbank Cornelia Holthausen, European Central Bank Peter Hordahl, Bank for International Settlements Tim Jenkinson, Said Business School, Oxford University Sebnem Kalemli-Ozcan, University of Houston Elizaveta Krylova, European Central Bank Marco Lo Duca, European Central Bank Kenneth McKay, London School of Economics Angela Maddaloni, European Central Bank Ernst Maug, Universitat Mannheim Colin Mayer, Said Business School, Oxford University Cyril Monnet, European Central Bank Kjell G. Nyborg, Norwegian School of Economics and Business Administration Steven Ongena, Tilburg University Marco Pagano,
Universita di Napoli Federico II, Fausto Panunzi, University of Bologna Elias Papaioannou, European Central Bank Ray Rees, Universitat Munchen Ailsa Roell, Columbia University Daniel Russo, European Central Bank Miguel Segoviano, International Monetary Fund Bent Sorensen, University of Houston Bernhard Speyer, Deutsche Bank Oren Sussman, Said Business School, Oxford University Kostas Tsatsaronis, Bank for International Settlements Natacha Valla, Banque de France Ernst-Ludwig Von Thadden, Universitat Mannheim Andreas Worms, Deutsche Bundesbank
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Preface
Alexandre Lamfalussy: Foreword
Xavier Freixas, Philipp Hartmann, and Colin Mayer: Introduction
Part I Financial Systems and Economic Performance
1: Franklin Allen, Michael K F Chui, and Angela Maddaloni: Financial Structure and Corporate Governance in Europe, the US, and Asia
2: Elias Papaioannou: Finance and Growth: A Macroeconomic Assessment of the Evidence from a European Angle
3: Philippe Aghion: Interaction Effects in the Relationship Between Growth and Finance
4: Philipp Hartmann, Florian Heider, Elias Papaioannou, and Marco Lo Duca: The Role of Financial Markets and Innovation for Productivity and Growth in Europe
5: Lieven Baele, Annalisa Ferrando, Peter Hördahl, Eliza Veta Krylova, and Cyril Monnet: Measuring European Financial Integration
6: Sebnem Kalemli-Ozcan and Bent Sørensen: Financial Integration and Economic Welfare
Part II Financial Systems and the Corporate Sector
7: Francois Degeorge and Ernst Maug: Corporate Finance in Europe: A Survey
8: Oren Sussman: The Economics of the EU's Corporate-insolvency Law and the Quest for Harminisation by Market Forces
9: Mike Burkart and Fausto Panuzi: Takeovers
10: Ailsa Roell: Recent Developments in Corporate Governance
11: Tim Jenkinson: The Development and Performance of European Private Equity
Part III Financial Institutions
12: Hans Degryse and Steven Ongena: Technology, Regulation, and the Geographical Scope of Banking
13: Julian Franks, Colin Mayer, and Luis Correia da Silva: Asset Management in Europe
14: E Philip Davis: Pension Funds and the Evolution of Financial Markets in the European Union
15: Ray Rees: Insurance and Reinsurance Companies
16: Xavier Freixas and Cornelia Holthausen: European Integration of Payments Systems
Part IV Financial Markets
17: Philipp Hartmann and Natacha Valla: The Euro Money Markets
18: Marco Pagano and Ernst-Ludwig Von Thadden: The European Bond Markets Under EMU
19: Kpate Adjaouté and Jean-Pierre Danthine: Equity Returns and Integration: Is Europe Changing?
20: Alberto Giovanni, John Berrigan, and Daniel Russo: Post-Trading Services and European Securities Markets
21: Ronald W. Anderson and Kenneth McKay: Derivative Markets
22: Maciej Firla-Cuchra: Structured Finance
23: Thomas P. Gehrig: Location and Competition Between Financial Centers
Part V Financial Regulation and Macroeconomic Policy
24: Bernhard Speyer: EU Securities Markets Regulation: Problems, Policies, and Processes
25: Kostas Tsatsaronis: The Supervision of an Integrating European Banking Sector: Theory, Practice and Challenges
26: Charles Goodhart, Boris Hofmann, and Miguel Segoviano: Bank Regulation and Macroeconomic Fluctuations
27: Boris Hofmann and Andreas Worms: Financial Structure and Monetary Transmission in the EMU
28: Ulrich Bindseil and Kjell G. Nyborg: Monetary Policy Implementation
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The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.
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