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OverviewFive years ago, the Centre for Economic Policy Research (CEPR) produced a report on the Future of European Banking in which it concluded that European Union (EU) financial markets are fundamentally segmented. Much has happened since then. The euro has been firmly established in several Member States; stock markets have been through a boom and bust; and a number of Eastern European countries have joined the EU. Perhaps most significantly of all, the European Union has launched its Financial Services Action Plan (FSAP). The goal of the FSAP is to create a single integrated market in Financial Services in Europe. This is regarded as critical for providing individuals with the best savings opportunities and companies with access to 'deep and liquid markets for raising capital'. It is an extension of the principles of free trade to financial services and the same benefits associated with the elimination of barriers to trade are anticipated in financial services. This report reviews the progress that has been made in eliminating regulatory and non-regulatory barriers to trade in banking services and the degree to which European banking markets have become integrated. It sets out some key policy recommendations that emerge from an assessment of the FSAP and suggests that the pursuit of financial integration raises fundamental questions about the ownership of banks that have not been adequately considered to date. Full Product DetailsAuthor: Pedro Pita Barros , Jordi Gual , Paolo Fulghieri , Erik BerglofPublisher: Centre for Economic Policy Research Imprint: Centre for Economic Policy Research Weight: 0.333kg ISBN: 9781898128700ISBN 10: 1898128707 Pages: 103 Publication Date: 30 June 2005 Audience: General/trade , Professional and scholarly , College/higher education , General , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: To order ![]() Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsReviewsAuthor InformationPedro Pita Barros is Professor of Economics at Universidade Nova de Lisboa where he teaches industrial organization and health economics. Erik Berglof is the Chief Economist and Special Adviser to the President at the European Bank for Reconstruction and Development (EBRD). Paolo Fulghieri is Macon G. Patton Distinguished Professor and Area Chair of Finance at the University of North Carolina. Jordi Gual is professor of economics at IESE Business School, University of Navarra. Colin Mayer is the Peter Moores Professor of Management Studies at the Said Business School at the University of Oxford. Xavier Vives is professor of Economics and Finance, Abertis Chair of Regulation, Competition and Public Policy, and academic director of the Public-Private Research Center at IESE Business School, and adjunct professor at Universitat Pompeu Fabra. Tab Content 6Author Website:Countries AvailableAll regions |