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Now that the worst of the financial storm is over, regulators are setting new strategies to deal with the systemic importance of the €427 trillion ($604 trillion) over-the-counter (OTC) derivatives market. This paper explores the three major sources of disruptive effects in OTC derivatives:...
Persistent link: https://www.econbiz.de/10009463898
the fact that the Financial Services Action Plan was primarily geared towards equity markets. Given the crucial role … played by bond markets in the economy through the capital allocation process, monetary policy decisions and the hedging of …
Persistent link: https://www.econbiz.de/10009463904
Based on a sample of 15 European countries, this survey analyses various features of the European IPO (Initial Public Offering) market over the period from 1995 to 2004: listing requirements, IPO-mechanism choices, performance and secondary market liquidity. First, the comparison of national...
Persistent link: https://www.econbiz.de/10009463910
The aim of this work is to provide empirical elements on the performance of consumer credit companies in the European Union by applying efficiency frontier techniques. These techniques, widely applied in banking literature, provide sophisticated measures of performance – the efficiency scores....
Persistent link: https://www.econbiz.de/10009463912
[From the Introduction] The consumer credit market depends on the exchange of personal information among market participants. Credit bureaus are the primary repositories of this information, and in recent years they have gathered a vast amount of data on creditworthiness of individuals....
Persistent link: https://www.econbiz.de/10009463913
[From the Introduction] This study provides new evidence on the emergence of a single eurozone retail banking market with particular reference to consumer credit. Given the heterogeneous nature of consumer credit products in the eurozone, the authors reject the earlier proposition of the...
Persistent link: https://www.econbiz.de/10009463914
This chapter asks why and how services that are not previously thought of as tradable have increasingly been opened up … argues that lobbying by producers or users of services cannot fully explain reform nor does EU membership simply constrain … particular, the ability of the government to re-interpret services as regular tradable products combined with new regulation to …
Persistent link: https://www.econbiz.de/10009463924
of barriers to cross-border trade and investment particularly in services and the slow development of an Internal Market …
Persistent link: https://www.econbiz.de/10009463939
This report considers four short-term, alternative scenarios for the eurozone and analyses their possible implications for global economic trends and the gold market. Overall, the main findings suggest that in the near future, motives other than inflation hedging will be the main drivers of gold...
Persistent link: https://www.econbiz.de/10009463940
European market participants in a fiercely competitive regulatory environment revolutionized their trading services and …
Persistent link: https://www.econbiz.de/10009463951