European financial markets and institutions / Jakob de Haan, Sander Oosterloo, Dirk Schoenmaker.
"Written for undergraduate and graduate students of finance, economics and business, this textbook provides a fresh analysis of the European financial system. Combining theory, empirical data and policy, it examines and explains financial markets, financial infrastructures, financial institutio...
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| Main Authors: | , , |
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge, U.K. ; New York :
Cambridge University Press,
2009.
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| Subjects: |
Table of Contents:
- Part I. Setting the Stage
- Part II. Financial Markets
- Part III. Financial Institutions
- Part IV. Policies for the Financial Sector
- Part I. Setting the Stage
- 1. Functions of the Financial System
- 1.1. Functions of a financial system
- 1.2. Bank-based versus market-based financial systems
- 1.3. Conclusions
- 2. European Financial Integration: Origins and History
- 2.1. European integration: introduction
- 2.2. European institutions and instruments
- 2.3. Monetary integration
- 2.4. Financial integration
- 2.5. Conclusions
- Part II. Financial Markets
- 3. European Financial Markets
- 3.1. Financial markets: functions and structure
- 3.2. Money market
- 3.3. Bond markets
- 3.4. Equity markets
- 3.5. Derivatives
- 3.6. Conclusions
- 4. The Economics of Financial Integration
- 4.1. Financial integration: definition and drivers
- 4.2. Measuring financial integration
- 4.3. Integration of European financial markets
- 4.4. The consequences of financial integration
- 4.5. Conclusions
- 5. Financial Infrastructures
- 5.1. Payment systems and post-trading services
- 5.2. Economic features of payment and securities market infrastructures
- 5.3. Integration of financial market infrastructures
- 5.4. Conclusions
- Part III. Financial Institutions
- 6. The Role of Institutional Investors
- 6.1. Different types of institutional investors
- 6.2. The growth of institutional investors
- 6.3. Portfolio theory and international diversification
- 6.4. The home bias in European investment
- 6.5. Conclusions
- 7. European Banks
- 7.1. Theory of banking
- 7.2. The use of risk-management models
- 7.3. The European banking system
- 7.4. Conclusions
- 8. The Financial System of the New Member States
- 8.1. The financial system
- 8.2. The banking sector
- 8.3. What attracts foreign banks?
- 8.4. Financial integration and convergence
- 8.5. Conclusions
- 9. European Insurers and Financial Conglomerates
- 9.1. Theory of insurance
- 9.2. The use of risk-management models
- 9.3. The European insurance system
- 9.4. Financial conglomerates
- 9.5. Conclusions
- Part IV. Policies for the Financial Sector
- 10. Financial Regulation and Supervision
- 10.1. Rationale for government intervention
- 10.2. Prudential supervision
- 10.3. Conduct-of-business supervision
- 10.4. Supervisory structures
- 10.5. Challenges for financial supervision
- 10.6. Conclusions
- 11. Financial Stability
- 11.1. Financial stability and systemic risk
- 11.2. How can financial stability be maintained?
- 11.3. The current organisational structure
- 11.4. Challenges for maintaining financial stability
- 11.5. Conclusions
- 12. European Competition Policy
- 12.1. What is competition policy?
- 12.2. The economic rationale for competition policy
- 12.3. Pillars of EU competition policy
- 12.4. Assessment of dominant positions
- 12.5. Institutional structure
- 12.6. Conclusions.