Resource title

European capital markets with a single currency, an overview

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At the Madrid summit in December 1995, the EU heads of state or government endorsed a threephase plan for the introduction of the single currency. The purpose of this introductory chapter is to identify the various ways through which a single currency could alter fundamentally and permanently european capital markets. A common currency, will likely change the sources of competitive advantage in various markets such as those of government bonds and equities of foreign exchange and of fund management. The potential benefits derived from the creation of a leading international currency are discussed and the impact of a single currency on credit risk is evaluated

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en

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application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/inseadwp1998/98-17.pdf

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Copyright INSEAD. All rights reserved