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dc.titleRegional Financial Market Integration: Learning from the European Experience
dc.contributor.authorSteil, Benn
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageUnited States
dc.coverageEurope
dc.date.available2011-02-04T00:00:00
dc.date.issue1997-12-01T00:00:00
dc.description.abstractThe so-called "European model" of market integration has evolved over many decades. In particular, the original plan to integrate Europe economically via a progressive program of harmonizing national legislation has, particularly in the area of financial markets, given way to a radical alternative based upon Member State "mutual recognition" of existing national legislation and regulation. Whereas this shift had been initiated largely on pragmatic grounds, the mutual recognition approach has since taken on an ideological and strategic dimension in political negotiations which makes the study of its effects on the ground all the more important.
dc.format.extent33
dc.identifier.doihttp://dx.doi.org/10.18235/0011547
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Regional-Financial-Market-Integration-Learning-from-the-European-Experience.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinancial Crisis and Structural Adjustement
dc.subjectFinancial Market
dc.subject.keywordsmarket structure;public utilities;technological change;WP-362;maladapted institutional structures;maladapted regulation
idb.identifier.pubnumberWorking Papers
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