The Internationalisation of Asset Ownership in Europe [Hardcover]

A thorough investigation of financial market integration in Europe.Financial markets in Europe are increasingly integrated, leading to a rise in foreign ownership of assets. This volume provides an authoritative analysis of the evolution and implications of this process in Europe today. The collected studies present new data on the extent of foreign ownership in Europe and analyse some of the major challenges it creates for policy-makers at both European and national level. This thorough investigation of financial market integration in Europe will be of great interest to economists and policy institutions alike.Financial markets in Europe are increasingly integrated, leading to a rise in foreign ownership of assets. This volume provides an authoritative analysis of the evolution and implications of this process in Europe today. The collected studies present new data on the extent of foreign ownership in Europe and analyse some of the major challenges it creates for policy-makers at both European and national level. This thorough investigation of financial market integration in Europe will be of great interest to economists and policy institutions alike.Financial markets in Europe have become increasingly integrated in recent years, leading to a rise in foreign ownership of domestic equities and other assets. This volume brings together ten expert contributions to provide an authoritative analysis of the evolution and implications of foreign ownership in Europe today. In addition to providing new data on the extent of foreign ownership in Europe, the authors analyze some of the major challenges it brings for policy-makers at both the European and the national level.Preface; Introduction; Part I. The Legal Framework: 1. Legal restrictions on foreign ownership in the European Union Jean-Pierre Raes; 2. European takeover regulation Erik Berglof and Mike Burkart; Part II. Recent Developments: 3. Foreign direct investment and labour market outcomes Kenneth Scheve and MattlCP