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.
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.
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