Following the introduction of the euro in January 1999, the eurozone is now the second largest singl...
Following the introduction of the euro in January 1999, the eurozone is now the second largest single currency equity market in the world. However, these equity markets are still relatively underdeveloped. The advent of the single currency is likely to further develop the cult of the equity within Europe. As liabilities are now denominated in euros, all equity assets within the euro area will now be viewed as eligible investments. The result will be a significant rebalancing of funds in order for investors to diversify their risk. For example, German institutions will now gain exposure to ...
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