Written by leading academics and practitioners, this book provides an overview of financial markets and addresses major policy issues using the most advanced tools of theoretical and empirical economic analysis. In particular, the book focuses on financial integration and the structural reforms in the European financial sector.

PART I FINANCIAL SYSTEMS AND ECONOMIC PERFORMANCE; PART II FINANCIAL SYSTEMS AND THE CORPORATE SECTOR; PART III FINANCIAL INSTITUTIONS; PART IV FINANCIAL MARKETS; PART V FINANCIAL REGULATION AND MACROECONOMIC POLICY

Comprehensive coverage of financial markets and financial institutions from a European perspective Written by leading names in the field Highly topical issue of immense policy and practical significance

Xavier Freixas (Ph D. Toulouse 1978) is Professor at the Universitat Pompeu Fabra and Barcelona GSE (Spain) and Research Fellow at CEPR. Dr. Philipp Hartmann is Head of the Financial Research Division in the Directorate General Research of the European Central Bank (ECB) in Frankfurt. His previous positions include that of Principal of the Economic and Financial Research Unit at the ECB and Research Fellow for Financial Regulation at the London School of Economics and Political Science. Philipp Hartmann is also a Fellow of the Centre for Economic Policy Research (CEPR, London) and the Vice-President of SUERF, the European Money and Finance Forum. Colin Mayer is the Peter Moores Professor of Management Studies and former Dean of the Said Business School at the University of Oxford. He is an Honorary Fellow of Oriel College, Oxford and of St Anne's College, Oxford. He is an Ordinary Member of the Competition Appeal Tribunal and a Fellow of the European Corporate Governance Institute (ECGI). He has served on the editorial boards of several leading academic journals and assisted in establishing the prestigious networks of economics, law and finance academics in Europe at the Centre for Economic Policy Research (CEPR) and ECGI. He was a Harkness Fellow at Harvard University, a Houblon-Norman Fellow at the Bank of England, and the first Leo Goldschmidt Visiting Professor of Corporate Governance at the Solvay Business School, Université de Bruxelles. He was a director of Oxera between 1986 and 2010 and was instrumental in building the firm into what is now one of the largest independent economics consultancies in the UK.

Comprehensive coverage of financial markets and financial institutions from a European perspective Written by leading names in the field Highly topical issue of immense policy and practical significance