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• W151093840 abstract "Over the last 10 years, there has been a remarkable advance in financial integration in the EU and especially the euro area. As evidenced by European Central Bank research, money markets are now completely integrated within the euro area, and the only significant reason why government bonds are not perfect substitutes to each-other is the persistence of specific issuer risk. A large, liquid and efficient corporate bond market has been created, whose size has more than doubled since the launch of the single currency. Public (let alone private) equity markets are still less integrated and less competitive, but changes are noticeable. Finally, after having remained sheltered for a long time, the banking sector has recently experienced a recent rise in large-scale cross-border mergers." @default.
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• W151093840 date "2006-01-01" @default.
• W151093840 modified "2023-09-23" @default.
• W151093840 title "Financial integration and European priorities 1" @default.
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