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

See all articles by Alessandro Prati

Alessandro Prati

International Monetary Fund (IMF) - Research Department, Deceased

Garry J. Schinasi

Independent Advisor, Global Financial Stability

Abstract

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

Prati, Alessandro and Schinasi, Garry J., 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. Available at SSRN: https://ssrn.com/abstract=76710

Alessandro Prati (Contact Author)

International Monetary Fund (IMF) - Research Department, Deceased ( email )

Garry J. Schinasi

Independent Advisor, Global Financial Stability ( email )

Washington, 20008
+1-202-361-0958 (Phone)

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