The advent of the euro has eroded many of the barriers that segmented the European corporate bond market along currency … combining their purchasing of commercial and investment banking services. This paper shows that the arrival of the euro led to a … houses, particularly those from the United States, rather than an intensification of the business links between euro area …

introduction of the euro greatly improved the functioning of euro financial markets. This paper investigates whether euro financial … markets have developed sufficiently to facilitate the emergence of the euro as a reserve currency on par with the US dollar …. We find that the liquidity and breadth of euro financial markets are fast approaching those of dollar markets, and as a …