Financial Markets and Institutions

Jakob de Haan is Head of Research of De Nederlandsche Bank and Professor of Political Economy at the University of Groningen. Dirk Schoenmaker is Professor of Banking and Finance at the Rotterdam School of Management, Erasmus University Rotterdam. Peter Wierts is Senior Economist at the Payments and Market Infrastructures Division of De Nederlandsche Bank and Associate Professor of Finance at VU University Amsterdam.

• Part I. Setting the Stage: 1. Functions of the financial system; 2. Financial crises; 3. European financial integration: origins and history; 4. Monetary policy of the European Central Bank; Part II. Financial Markets: 5. European financial markets; 6. The economics of financial integration; 7. Financial infrastructures; 8. Financial innovation; Part III. Financial Institutions: 9. The role of institutional investors; 10. European banks; 11. European insurers and financial conglomerates; Part IV. Policies for the Financial Sector: 12. Financial regulation and supervision; 13. Financial stability; 14. European competition policy; Index.