Waking up to the nightmare: Winners and losers after EMU
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 1 March 1998
Abstract
In this paper, the author examines how fund management is destined to be the largest source of growth in investment assets once the European single currency is introduced. The removal of currency costs and currency risks in the conduct of cross‐border business will improve investment flows within the euro zone and generate an increase in investment assets from pension funds. The author warns that the introduction of the euro is likely to toughen cross‐border competition between market intermediaries and cause a reduction in costs, increasing the attractiveness of trading and investing in Europe. The removal of currency risk and convergence in yields will lead fund managers to seek alternative ways to give their fund performance an advantage over their competition.
Citation
Langton, J.L. (1998), "Waking up to the nightmare: Winners and losers after EMU", Journal of Financial Regulation and Compliance, Vol. 6 No. 3, pp. 249-252. https://doi.org/10.1108/eb024975
Publisher
:MCB UP Ltd
Copyright © 1998, MCB UP Limited