IMF Staff Country Reports

Euro Area Policies: Selected Issues

July 31, 2007

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Euro Area Policies: Selected Issues, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

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.

Subject: Competition, Exchange rates, Financial markets, Financial services, Foreign exchange, Inflation, Prices, Stock markets

Keywords: Baltics, Competition, CR, Europe, Exchange rates, Global, Inflation, ISCR, London market, Market, Market activity, Market data gathering, Market efficiency, Market intermediary, Market liquidity, Market participant, MiFID, Stock markets

Publication Details

  • Pages:

    64

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/259

  • Stock No:

    1EUREA2007001

  • ISBN:

    9781451813067

  • ISSN:

    1934-7685