Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/152664
Authors: 
Manganelli, Simone
Hartmann, Philipp
Maddaloni, Angela
Year of Publication: 
2003
Series/Report no.: 
ECB Working Paper 230
Abstract: 
Four years after the introduction of the euro, this paper provides an overview of the current structure and integration of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure with that of the United States and Japan. Using new and comprehensive financial account data, we also describe how the euro area financial structure evolved since 1995. We document the progress towards integration of the major euro area financial segments, namely money markets, bond markets, equity markets and banking. Finally, we discuss recent policy initiatives aimed at further improving European financial integration
Subjects: 
euro area
financial integration
financial policy
financial structure
Financial system design
JEL: 
G00
F36
Document Type: 
Working Paper

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