This book offers a clear, insightful perspective on the post-euro fixed-income markets of Europe. The introduction of the euro in 1999 cast a new focus on the financial markets of constituent euro-zone countries which have subsequently seen their domestic markets emerge as the second largest bond market in the world after America, with bonds being the most important asset-class-rivalling equities. Such critical size and importance results from the harmonization of macro-economic targets, and has considerably broadened the scope of individual national debt markets. The essential characteristics and institutional details of the fixed-income markets of euro-zone countries as well as their individual fixed-income market are introduced and discussed by 26 prominent international academics and market practitioners. Their unique and detailed country analyses of both the euro and non-euro European countries will add measurably to an understanding of these markets. There has been a paucity of volumes with extensive coverage of the fixed-income markets of the euro area since the inception of the euro, and this book aims to partially fill that void.
The book will be of interest to institutional investors, bankers, corporate treasurers, etc.
JONATHAN A. BATTEN is Professor of Finance at Seoul National University in Korea and co-editor of the Elsevier Journal Research in International Business and Finance. His previous books include Asia-Pacific Fixed Income Markets: An Analysis of the Region's Money, Bond and Interest Derivative Markets, co-edited with Thomas A Fetherston and published by John Wiley & Sons, Singapore. THOMAS A. FETHERSTON is Professor of Finance at the University of Alabama Birmingham. He is editor of the journal International Review of Financial Analysis and co-editor of Research in International Business and Finance. His previous books include Asia-Pacific Fixed Income Markets: An Analysis of the Region's Money, Bond and Interest Derivative Markets, co-edited with Jonathan A. Batten and published by John Wiley & Sons, Singapore. PETER G. SZILIAGYI has recently joined Tilburg University, the Netherlands. His main research interests include international capital market develop ment and corporate finance. He holds master s degrees from the Budapest University of Economic Sciences and Public Administration and the University of Western Sydney. He has previously worked as a freeelance broadcaster for the BBC World Service in the U.K. and Australia.