Financial capital, whether mediated through the financial market or Foreign Direct Investment has been a key factor in European economic growth. This book examines the interaction between European and global financial integration and analyses the dynamics of the monetary sector and the real economy in Europe. The key analytical focus is on the theoretical and empirical dynamics of financial markets in Europe, however, it also provides regional case studies of key institutional developments and lessons from foreign direct investment. There is a broad range of findings for Central, Eastern and Western Europe as well as EU Partner Countries. Crucially the analysis includes new approaches and options for solving the transatlantic banking crisis and suggests policy innovations for a world with unstable financial markets.
Table of Content
Introduction.- The Role of Banks in Financial Integration: Some New Theory and Evidence from New EU Members.- Interdependence Between Foreign Exchange Markets and Stock Markets in Selected European Countries.- The Transatlantic Banking Crisis: Lessons, EU Reforms and G20 Issues.- Financial System and Innovations: Determinants of Early Stage Venture Capital in Europe.- Evolving Corporate Financing Patterns in Europe: Is There Convergence?- The Financial System in Spain and Portugal: Institutions and Structure of the Market.- Corporate Governance and the ‘Hybridisation’ of Financial Sectors.- Different Modes of Foreign Direct Investment in Ireland – A Theoretical Analysis.- Aspects of Market Integration in a Transition Economy.- Trade and FDI Related Effects of the Monetary Union and Structural Adjustment in the Central European New Member States of the EU.