European Monetary Union and International Capital Markets: Structural Implications and Risks
EMU and the International Monetary System, P. R. Masson, T. H. Krueger, and B. G. Turtelboon (eds.), International Monetary Fund, Pp. 263-319
Posted: 17 Apr 1998
This paper analyzes the structural implications of EMU for international capital markets. It discusses the potential size of euro capital markets and the existing roles of European currencies in international capital markets. This paper also examines the euro's impact on securities markets, including the role of the ECB, the evolution of the EMU securities markets, and aspects of systemic risk management.
JEL Classification: F33, F36, G15
Suggested Citation: Suggested Citation