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Author: Richard M. Levich
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 64
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Book Description
Over the last three decades, differential national regulation in conjunction with increasing capital mobility has given rise to tremendous growth in the Eurocurrency markets. In this paper, we analyze whether the announced plans of the European Commuission to remove barriers to capital flows (in July 1990) and to harmonize other financial regulations (by the end of 1992) will have a major effect on the Euromarkets. The analysis in this paper revolves around the concept of the Net Reguatory Burden (NRB). Three variables will play a crucial role for the developnent of the Euronarkets after 1992. These are (1) reserve requirements on bank deposits, (2) taxation of residents and non-residents on interest income, dividends and capital gains, and (3) disclosure of interest and dividends to tax authorities. Presently there is considerable variation in these factors across Europe. Competitive pressures should lead to a convergence of regulation, but national sovereignty leaves open the possibility for sone divergence of the NRB across European countries, and in comparison with other financial centers such as Switzerland. These differences in NRB will play a key role in determining the location and size of Euromarkets after 1992.
Author: Richard M. Levich
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 64
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Book Description
Over the last three decades, differential national regulation in conjunction with increasing capital mobility has given rise to tremendous growth in the Eurocurrency markets. In this paper, we analyze whether the announced plans of the European Commuission to remove barriers to capital flows (in July 1990) and to harmonize other financial regulations (by the end of 1992) will have a major effect on the Euromarkets. The analysis in this paper revolves around the concept of the Net Reguatory Burden (NRB). Three variables will play a crucial role for the developnent of the Euronarkets after 1992. These are (1) reserve requirements on bank deposits, (2) taxation of residents and non-residents on interest income, dividends and capital gains, and (3) disclosure of interest and dividends to tax authorities. Presently there is considerable variation in these factors across Europe. Competitive pressures should lead to a convergence of regulation, but national sovereignty leaves open the possibility for sone divergence of the NRB across European countries, and in comparison with other financial centers such as Switzerland. These differences in NRB will play a key role in determining the location and size of Euromarkets after 1992.
Author: John Doukas
Publisher: Psychology Press
ISBN: 9781560244394
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Here is a new book that enhances understanding of European financial management issues and the way they relate to the U.S. economy. Financial Management in Post-1992 Europe discusses the process of integration of European economies and helps researchers, academics, and practitioners arrive at optimal solutions in their decisionmaking relating to the European unified economy and capital markets. It provides a timely core of empirical investigations into financial management issues and explains the anatomy of the European capital markets integration. This book exposes readers to research outcomes produced by some of the finest researchers and academics, generating new insights into the financial nature of the European unification. Financial Management in Post-1992 Europe discusses European banking structure and its functioning, investments decisions, and integration and performance of Euromarkets. Chapters also: analyze the political consequences of the EEC's recent changes in the European banking system address empirically the extent of integration of European money and foreign exchange markets investigate the efficient functioning of European equity markets as well as the interrelationships among these markets examine European capital market reactions to investment decisions in the 1987-1992 period This book is ideally suited for MBA and PhD graduates, finance professionals, and researchers who need or wish to know more about the financial effects of European unification. It also makes an effective ancillary text for upper-level courses on topics such as financial management and international capital markets.
Author: gunter dufey
Publisher:
ISBN:
Category :
Languages : en
Pages : 50
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Book Description
Author: William James Adams
Publisher: University of Michigan Press
ISBN: 9780472065042
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
Examines the implications of the fully integrated European market
Author: Carlos Javier Moreiro Gonzalez
Publisher: Dartmouth Publishing Company
ISBN:
Category : Business & Economics
Languages : en
Pages : 170
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Book Description
Aproximacion al proceso de armonizacion bancaria de la Comunidad Europea (CE) mediante el analisis legal, economico y politico de los aspectos mas relevantes. Analiza la Segunda Directiva Bancaria (89/646) como punto central del proceso de armonizacion bancaria. Considerando las repercusiones politicas, muestra como los bancos influyen en la toma de decisiones de los legisladores. Analiza las estrategias de las instituciones de credito para controlar los mercados financieros, y finalmente hace un estudio critico del comportamiento institucional de la CE para conseguir la integracion de los mercados financieros. Contiene bibliografia. (pgp).
Author: John M. Letiche
Publisher: Academic Press
ISBN: 1483297047
Category : Business & Economics
Languages : en
Pages : 1022
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Book Description
The literature on international economics has become excessively specialized. In selecting distinguished readings for this source book--including contributions by Nobel laureates such as Lawrence R. Klein, Arthur Lewis, James Meade, and Theodore W. Schultz--Professor Letiche breaks the mold. The essays concentrate on interrelation between theory and actual policy design, and this collection of classic pieces and recent economic contributions are a valued resource in universities and government offices.
Author: Barry Eichengreen
Publisher: Springer Science & Business Media
ISBN: 9783540594208
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
In this volume, a group of distinguished economists, political scientists, and sociologists analyzes the political economy of European integration. The authors evaluate recent developments of European politics and institutions. They consider the current situation, and assess prospects for the future of an Integrated Europe. This book will be of great interest to observers, scholars, and students of European economic and political affairs, macroeconomic policy, institutional analysis, and comparative and international political economy. The book is unique in combining perspectives from economics and political science and provides in-depth analysis of the new European institutions. It is published in conjunction with "Monetary and Fiscal Policy in an Integrated Europe" by the same editors.
Author: Willem Molle
Publisher: Routledge
ISBN: 1351765744
Category : Social Science
Languages : en
Pages : 524
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Book Description
This title was first published in 2001. As economic integration touches ever more areas of society, more and more people are confronted by the bewildering complexity of the functioning of the European Union. Rather than merely focusing on the description of EU policies, this study of the economics of European integration seeks to: select the most relevant aspects and developments; place the wide variety of issues in a robust conceptual structure; integrate theoretical developments with the results of empirical research and of policy analysis; explain the logic of the dynamic processes; describe the structural features of the European economy; highlight the response of private companies to changes in the regulatory environment; depict the historical developments so as to give a sound basis for the understanding of the present situation and the likely future development; and set the European developments in the light of global developments. In practice Western Europe is the focus of major parts of this book.
Author: Richard M. Buxbaum
Publisher: Walter de Gruyter
ISBN: 3110908891
Category : Law
Languages : en
Pages : 397
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Book Description
Author: Andreas Haindl
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 340
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Book Description
