The European Bond Markets Under Emu

@article{Pagano2004TheEB,
  title={The European Bond Markets Under Emu},
  author={M. Pagano and Ernst-Ludwig von Thadden},
  journal={European Economics eJournal},
  year={2004}
}
  • M. Pagano, Ernst-Ludwig von Thadden
  • Published 2004
  • Economics
  • European Economics eJournal
  • In this paper, we document how in the wake of monetary unification the markets for Euro-area sovereign and private-sector bonds have become increasingly integrated. Issuers and investors alike have come to regard the Euro-area bond market as a single one. Primary and secondary bond markets have become increasingly integrated on a pan-European scale. Issuance of corporate bonds has taken off on an unprecedented scale in continental Europe. In the process, both investors and issuers have reaped… CONTINUE READING
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