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Europe's Hidden Capital Markets: Evolution, Architecture ...

Casey, Jean-Pierre / Lannoo, Karel
Europe's Hidden Capital Markets: Evolution, Architecture and Regulation of the European Bond Market
Nonequity financial markets used to be ", hidden", in Europe, in the sense that they traditionally received less attention from ordinary investors and the media than equity markets, relative to their size. This phenomenon was accentuated by the fact that the EU's Financial Services Action Plan was primarily geared toward equity markets. Given the crucial role played by bond markets in the economy through the capital allocation process,...

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