European Financial Systems in the Global Economy

About the Author.
<p>1. Introduction<br /> <br /> 2. European financial markets in history<br /> <br /> 3. Market structures<br /> <br /> 3.1. Financial systems, markets and intermediaries<br /> <br /> 3.2. Financial market typology<br /> <br /> 3.2.1. Non–tradables and non–transferables<br /> <br /> 3.2.2. Securities<br /> <br /> Fixed–income markets<br /> <br /> Equity markets<br /> <br /> 3.2.3. Derivatives<br /> <br /> 3.3. Financial systems in Europe<br /> <br /> 3.3.1. Bank–based systems<br /> <br /> 3.3.2. Market–based systems<br /> <br /> 3.3.3. Financial systems in Eastern Europe<br /> <br /> 3.4. External markets<br /> <br /> 3.4.1. Euromarkets<br /> <br /> 3.4.2. Offshore centres<br /> <br /> 3.4.3. Virtual market places<br /> <br /> 4. European financial markets in the world economy<br /> <br /> 4.1. Banks<br /> <br /> 4.2 Exchanges<br /> <br /> 4.3. Venture capital<br /> <br /> 4.4. Payment, clearing and settlement systems<br /> <br /> 5. Market mechanisms and prices<br /> <br /> 5.1 Diversification, hedging and arbitrage<br /> <br /> 5.2. Market dynamics and the role of expectations<br /> <br /> 5.3. Price patterns<br /> <br /> 6. Policy Issues<br /> <br /> 6.1. Policy targets<br /> <br /> 6.2 Policy cooperation.<br /> <br /> 6.3 EMU and financial integration.</p>
<p>7. Conclusions.<br /> <br /> Appendix A: Bill of Exchange as Medieval Credit Instrument.<br /> <br /> Appendix B: The Tobin Tax.</p>
<p>Appendix C: CFA Franc Zone.<br /> <br /> Appendix D: Rating Agencies.<br /> <br /> Appendix E: Optimum Currency Area.<br /> <br /> Appendix F: Luxembourg.<br /> <br /> Appendix G: Nonlinearities.</p>
<p>Appendix H: Value at Risk.</p>
<p>Appendix I: Legend to the FESE Diagram of the European Exchanges.</p>
<p>References.</p>
<p>Index.</p>