• DOI:10.1093/OXREP/GRH031
Corpus ID: 154125884

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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