European Financial Systems in the Global Economy

Based on class-tested material, this book is an introduction to European Financial Markets and Institutions. It provides an overview of sources of finance, types of financial intermediation and financial systems in Europe and their relative importance in the world economy. It describes market mechanisms and prices and gives a broad introduction to the relevant regional financial and monetary issues, including the new EU member countries and those countries that have not yet joined the EU.

It is an ideal primer for final year undergraduates, MBA and MSc students and those undertaking qualifications in finance.

There is a supporting web site including a lecturer’s resources pack, a testbank for students to practice what they have learnt in the book and a site with short pieces and amendments and additional materials intended to stimulate discussion and further reading which will be updated from time to time.

“This text is a very useful state-of-the-art evaluation of European finance. Over the last decade financial markets and financial institutions in Europe have undergone a historic transformation. The Euro financial market is now a real alternative to the US dollar market, providing European firms with opportunities and financial market pressure unknown in the past. This book analyses the evolution to the present market configuration and the potential way forward. A brilliant and important achievement.” Alfred Steinherr, Chief Economist, European Investment Bank

“This authoritative textbook on the European financial architecture is most welcome, and provides excellent coverage of the key markets and instruments as well as financial institutions from strategic and regulatory perspectives. The book makes a strong contribution to broader understanding of this critical and rapidly changing sector of the European economy.” Ingo Walter, Seymour Milstein Professor and Director, Global Business Institute, Stern School of Business, New York University

“Within just a few years, European financial markets have undergone a tremendous transformation because of changes of the currency and regulatory environment in the European Union. The volume by Dr. Beate Reszat fills an opening gap in the literature by providing a comprehensive, analytical survey of the integration of European Financial Systems and their role within the world economy. Readers will find its contents useful and stimulating.” Gunter Dufey, Prof. (em.) The University of Michigan, Ann Arbor MI., USA and Prof. of Banking and Finance at NBS, Nayang Technological University, Singapore