Financial Market Integration and Growth

Paul J. J. Welfens, geb. 1957 in Düren, Studium der Volkswirtschaftslehre in Wuppertal, Duisburg und Paris, Promotion 1985, Habilitation1989. Inhaber des Lehrstuhls für Volkswirtschaftslehre - Schwerpunkt Makroökonomische Theorie und Politik an der Bergischen Universität Wuppertal; Präsident des Europäischen Instituts für Internationale Wirtschaftsbeziehungen (EIIW); Jean-Monnet-Professor für Europäische Wirtschaftsintegration; zuvor Distinguished Research Fellow am AICGS/The Johns Hopkins University, Professor an der Universität Münster bzw. Potsdam, Visiting Alfred Grosser Professor Sciences Po, Paris.

Introduction.- The Role of Banks in Financial Integration: Some New Theory and Evidence from New EU Members.- Interdependence Between Foreign Exchange Markets and Stock Markets in Selected European Countries.- The Transatlantic Banking Crisis: Lessons, EU Reforms and G20 Issues.- Financial System and Innovations: Determinants of Early Stage Venture Capital in Europe.- Evolving Corporate Financing Patterns in Europe: Is There Convergence?- The Financial System in Spain and Portugal: Institutions and Structure of the Market.- Corporate Governance and the "Hybridisation" of Financial Sectors.- Different Modes of Foreign Direct Investment in Ireland - A Theoretical Analysis.- Aspects of Market Integration in a Transition Economy.- Trade and FDI Related Effects of the Monetary Union and Structural Adjustment in the Central European New Member States of the EU.