Naslov
EURO - Its Impact on National Money and Capital Markets

Autori
Prohaska, Zdenko ; Kandžija, Vinko

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Economic system of European Union and Adjustment of the Republic of Croatia / - Lovran : Ekonomski fakultet Sveučilišta u Rijeci, 1999, 7-7

Skup
II. International Conference Economic system of European Union and Adjustment of the Republic of Croatia

Mjesto i datum
Lovran, Hrvatska, 22.04.1999. - 23.04.1999

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
competition; credit risk; EURO; financial integration; finantial markets

Sažetak
In this paper the implications of EMU and especially the introduction of EURO and it's impact on national money and capital markets will be discussed. It is expected that after January 1, 1999 the introduction of the Euro will lead to a greater integration of Europe's financial markets because there will be strong incentives for participating countries to drop the barriers between their domestic financial markets and work together toward greater financial integration. Expected results of the research are based on the effects of the introduction of the Euro and it's influence on financial markets in Europe. Euro will lead to a more liquid and integrated financial markets in Europe, where a greater level of capital mobility, competition among financial institutions and market transparency will be achieved. Currency risk will disappear between EU-1 1 countries and will be replaced by credit risk ; a greater supply and demand for short-term and long-term funds will lead to more breadth and depth of all segments of European financial markets which will cut transaction costs and will make this market more competitive in comparison to U.S. or Japanese financial markets.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA