The Euro, Capital Markets, and Dollarization describes the economic and capital market results of the institution of the single currency, the euro, in Europe after January 2000. This startling event appears to foreshadow increased capital market efficiency, increased labor migration, massive cross-border mergers, the eastward spread of the monetary union, and the division of the world into currency blocs.
Edward B. Flowers is professor of economics and finance at St. John's University in New York. Francis A. Lees is Theis Professor of Global Finance at St. John's University.
Chapter 1 List of Tables Chapter 2 List of Acronyms Chapter 3 Preface Chapter 4 The Road to Euro Chapter 5 Resource Mobility in a Suboptimal Currency Area Chapter 6 Macroeconomic Environment Chapter 7 The European Central Bank and Role of the Euro Chapter 8 Capital Markets in the Eurozone Chapter 9 Bond Market Development Chapter 10 European Equity Markets Chapter 11 Dollarization: Extending the Single Currency Concept Chapter 12 The European Union and Eurozone Expansion Chapter 13 Index