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dc.contributor.authorHeinemann, Friedrichen_US
dc.date.accessioned2009-02-16T15:12:16Z-
dc.date.available2009-02-16T15:12:16Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/24779-
dc.description.abstractThe fast growing EU market for investment funds is still characterised by a continuing relevance of national borders. This papers assesses this market?s degree of integration, the potential benefits from more integration and the obstacles to cross-border sales of funds. The analysis shows that markets of small member countries are particularly isolated since for suppliers of funds the market potential is too small to compensate for the fixed costs of market entry. But also in the big markets foreign funds lack market success. A better integrated European market for investment funds would provide three kinds of benefits: It increases choice of products, it allows to realise economies of scale and it intensifies competition for the benefit of private investors. It is argued that the present characteristics of fund distribution channels are mainly responsible for fragmentation besides regulatory and tax issues.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 02-27en_US
dc.subject.jelG38en_US
dc.subject.jelG23en_US
dc.subject.ddc330en_US
dc.subject.keywordUCITSen_US
dc.subject.keywordinvestment funden_US
dc.subject.keywordEuropean integrationen_US
dc.subject.stwInvestmentfondsen_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwMarktintegrationen_US
dc.subject.stwSkalenertragen_US
dc.subject.stwWettbewerben_US
dc.subject.stwEU-Staatenen_US
dc.titleThe Benefits of Creating an Integrated EU Market for Investment Fundsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn355174111en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:870-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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