1. THE INTEGRATION OF EUROPEAN CAPITAL MARKETS.
- Author
-
ALTMAN, OSCAR L.
- Subjects
CAPITAL market ,ECONOMIC conditions in Europe, 1945- - Abstract
The article looks at three aspects of European capital markets. It considers the characteristics of integrated capital markets, the relationship of integration to efficiency, the extent to which developments have affected integrated capital markets, and the prospects for future development. The author notes that, while Europe contains capital markets of importance, no European capital market exists, leaving markets for long-term capital to be organized on unintegrated national lines. The efficiency of European capital markets are considered from an international point of view. Capital markets in Germany, Sweden, Great Britain, and other European countries are discussed.
- Published
- 1965
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