List of Figures ............................................... xii
List of Tables ................................................ xvi
List of Contributors ........................................... xx
Introduction .................................................... l
Xavier Freixas, Philipp Hartmann, & Colin Mayer
PART I FINANCIAL SYSTEMS AND ECONOMIC PERFORMANCE
1. Financial Structure and Corporate Governance in Europe,
the USA, and Asia .......................................... 31
Franklin Allen, Michael K. F. Chui, & Angela
Maddaloni
2. Finance and Growth: A Macroeconomic Assessment of
the Evidence from a European Angle ......................... 68
Elias Papaioannou
3. Interaction Effects in the Relationship between Growth
and Finance ................................................ 99
Philippe Aghion
4. The Role of Financial Markets and Innovation for
Productivity and Growth in Europe ......................... 118
Philipp Hartmann, Florian Heider, Elias Papaioannou,
& Marco Lo Duca
5. Measuring European Financial Integration .................. 165
Lieven Baele, Annalisa Ferrando, Peter Hordahl,
Elizaveta Krylova, & Cyril Monnet
6. Financial Integration and Economic Welfare ................ 195
Sebnem Kalemli-Ozcan & Bent Sorensen
PART II FINANCIAL SYSTEMS AND THE CORPORATE SECTOR
7. Corporate Finance in Europe: A Survey ...................... 217
Francois Degeorge & Ernst Maug
8. The Economics of the EU's Corporate Insolvency Law
and the Quest for Harmonization by Market Forces .......... 238
Oren Sussman
9. Takeovers ................................................. 265
Mike Burkart & Fausto Panunzi
10. Recent Developments in Corporate Governance ............... 298
Ailsa Roell
11. The Development and Performance of European Private
Equity .................................................... 318
Tim Jenkinson
PART III FINANCIAL INSTITUTIONS
12. Technology, Regulation, and the Geographical Scope of
Banking ................................................... 345
Hans Degryse & Steven Ongena
13. Asset Management in Europe ................................ 374
Julian Franks, Colin Mayer, & Luis Correia da
Silva
14. Pension Funds and the Evolution of Financial Markets
in the European Union ..................................... 389
E. Philip Davis
15. Insurance and Reinsurance Companies ....................... 414
Ray Rees
16. European Integration of Payments Systems .................. 436
Xavier Freixas & Cornelia Holthausen
PART IV FINANCIAL MARKETS
17. The Euro Money Markets .................................... 453
Philipp Hartmann & Natacha Valla
18. The European Bond Markets under EMU ....................... 488
Marco Pagano & Ernst-Ludwig von Thadden
19. Equity Returns and Integration: Is Europe Changing? ....... 519
Kpate Adjaoute & Jean-Pierre Danthine
20. Post-Trading Services and European Securities Markets ..... 540
Alberto Giovannini, John Berrigan, & Daniela Russo
21. Derivatives Markets ....................................... 568
Ronald W. Anderson & Kenneth McKay
22. Structured Finance ........................................ 597
Maciej Firla-Cuchra
23. Location of and Competition between Financial Centres ..... 619
Thomas P. Gehrig
PART V FINANCIAL REGULATION AND MACROECONOMIC POLICY
24. EU Securities Markets Regulation: Problems, Policies,
and Processes ............................................. 645
Bernhard Speyer
25. The Supervision of an Integrating European Banking
Sector: Theory, Practice, and Challenges .................. 668
Kostas Tsatsaronis
26. Bank Regulation and Macroeconomic Fluctuations ............ 690
Charles Goodhart, Boris Hofmann, & Miguel Segoviano
27. Financial Structure and Monetary Transmission in
the EMU ................................................... 721
Boris Hofmann & Andreas Worms
28. Monetary Policy Implementation ............................ 742
Ulrich Bindseil & Kjell G. Nyborg
26. General Index ............................................. 779
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