Euro Area Policies: Selected Issues
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Summary:
This Selected Issues paper on Euro Area Policies reviews the integration of Europe’s financial markets and the challenges faced by the new European Union member states with respect to euro adoption. Markets in the Financial Instruments Directive are expected to become applicable in November 2007. The Directive injects new competition among financial intermediaries at all steps of a security’s transaction cycle, from the provision of investment advice to the practical execution and settlement of the transaction, and thus holds the promise to accelerate Europe’s apparently sluggish financial sector productivity growth.
Series:
Country Report No. 2007/259
Subject:
Competition Exchange rates Financial markets Financial services Foreign exchange Inflation Prices Stock markets
English
Publication Date:
July 31, 2007
ISBN/ISSN:
9781451813067/1934-7685
Stock No:
1EUREA2007001
Pages:
64
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