Financial market fragmentation in the euro area: state of play

15-09-2016

The notes in this compilation assess the implications and risks stemming from persistent fragmentation of euro area financial markets for the transmission of monetary policy and discuss feasible policy options which may be effective in reducing this fragmentation. The papers prepared by the members of the Monetary Expert Panel have been requested by the Committee on Economic and Monetary Affairs as an input for the September 2016 session of the Monetary Dialogue.

The notes in this compilation assess the implications and risks stemming from persistent fragmentation of euro area financial markets for the transmission of monetary policy and discuss feasible policy options which may be effective in reducing this fragmentation. The papers prepared by the members of the Monetary Expert Panel have been requested by the Committee on Economic and Monetary Affairs as an input for the September 2016 session of the Monetary Dialogue.

Външен автор

Paul BERENBERG-GOSSLER (Hertie School of Governance / Jacques Delors Institute), Henrik ENDERLEIN (Hertie School of Governance / Jacques Delors Institute), Salomon FIEDLER (Kiel Institute for the World Economy), Klaus-Jürgen GERN (Kiel Institute for the World Economy), Matthias RADDANT (Kiel Institute for the World Economy), Ulrich STOLZENBURG (Kiel Institute for the World Economy), Christophe BLOT (OFCE), Jérôme CREEL (OFCE & ESCP Europe), Paul HUBERT (OFCE), Fabien LABONDANCE (CRESE, Université de Besançon & OFCE), Roman HORVÁTH (Charles University), Corrado MACCHIARELLI (London School of Economics), Panagiotis KOUTROUMPIS (Queen Mary University of London)