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Euro Area Policies: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 259
Language:
English
Publication Date:
31 Jul 2007
DOI:
https://doi.org/10.5089/9781451813067.002
ISBN:
9781451813067
ISSN:
1934-7685
Pages:
64
Keywords:
ISCR; CR; market; MiFID; market participant; market intermediary; market activity; market data gathering; market efficiency; market liquidity; London market; Inflation; Competition; Exchange rates; Stock markets; Baltics; Europe; Global
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This Selected Issues paper on Euro Area Policies reviews the integration of Europe’s financial markets and the challenges faced by the new European Union member states with respect to euro adoption. Markets in the Financial Instruments Directive are expected to become applicable in November 2007. The Directive injects new competition among financial intermediaries at all steps of a security’s transaction cycle, from the provision of investment advice to the practical execution and settlement of the transaction, and thus holds the promise to accelerate Europe’s apparently sluggish financial sector productivity growth.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund