Title
The Origins of Europe's New Stock Markets / Elliot Posner.
ISBN
9780674268890
Published
Cambridge, MA : Harvard University Press, [2009]
Copyright
©2009
Language
English
Language Note
In English.
Description
1 online resource (264 p.)
Other Standard Identifiers
10.4159/9780674268890 doi
Call Number
HG5422
Dewey Decimal Classification
332.64/24
Summary
Between 1995 and 2007, financial elites in more than a dozen western European countries engaged in a cross-border battle to create some twenty new stock markets, many of which were explicitly modeled on the American Nasdaq. The resulting high-risk, high-reward markets facilitated wealth creation, rewarded venture capitalists, and drew major U.S. financial players to Europe. But they also chipped away at the European social compacts between national governments and citizens, opening the door of smaller company finance to the broad trend of marketization and its bounties, and further subjecting European households and family businesses to the rhythms of global capital. Elliot Posner explores the causes of Europe's emergence as a global financial power, addressing classic and new questions about the origins of markets and their relationship to politics and bureaucracy. In doing so, he attributes the surprising large-scale transformation of Europe's capital markets to the rise of the European Union as a global political force. The effect of Europe's financial ascendance will have major ramifications around the world, and Posner's analysis will push market participants, policymakers, and academics to rethink the sources of financial change in Europe and beyond.
Access Note
Access limited to authorized users.
System Details Note
Mode of access: Internet via World Wide Web.
Digital File Characteristics
text file PDF
Source of Description
Description based on online resource; title from PDF title page (publisher's Web site, viewed 01. Dez 2022)
Frontmatter
Contents
List of Tables and Figures
Acknowledgments
List of Abbreviations
CHAPTER 1 Europe's New Stock Markets
CHAPTER 2 Markets, Politics, and Bureaucrats
CHAPTER 3 The Early History of a Brussels Initiative
CHAPTER 4 Creating Feeder Markets in the United Kingdom and France, 1977-1987
CHAPTER 5 Capital Mobility, Politics, and New Financial Interests, 1992-1994
CHAPTER 6 A Brussels Intervention and Europe's New Stock Markets, 1994-2007
CHAPTER 7 Taking Stock of the European Union's Financial Transformation
Conclusion
Notes
Index
