Contents:
Introduction
Morten Balling 1. In search of anchors for financial and monetary stability
Andrew Crockett 2. Banking consolidation in Europe
Jacques de Larosière 3. Monetary policy and financial stability in a dynamic world
Klaus Liebscher 4. A new capital adequacy framework for Europe
Claes Norgren 5. Is a Euroland banking system already emerging?
Tommaso Padoa-Schioppa 6. Fiscal discipline and exchange rate regimes: A case for currency boards?
Enrique Alberola and
Luis Molina 7. Country risk analysis in the light of emerging market crisis
Josef Christl and
Thomas Spanel 8. Foreign and domestic bank participation in emerging markets: Lessons from Mexico and Argentina
B. Gerard Dages, Linda Goldberg and
Daniel Kinney 9. Financial stability in the euro area - some lessons from US financial history
E. Philip Davis 10. Strategies developed by Spanish banks for adapting to financial globalisation: Mergers, acquisitions and other strategies
Ignacio Fuentes and
Teresa Sastre 11. Globalisation and Payment Intermediation
Hans Geiger 12. A theoretical model of consumer behaviour in the financial services industry
Barry Howcroft 13. Inflation, monetary transparency, and G3 exchange volatility
Kenneth N. Kuttner and
Adam S. Posen 14. Challenges to the structure of financial supervision in the EU
Karel Lannoo 15. Financial industry mergers and acquisitions: Evaluating the strategies of diversification or concentration
Gary Santry 16. Impact of globalisation on efficiency in the European banking industry: What can we learn from the cost to income ratio?
Peter Van Dijcke