"This book, written by two experts in the field and based on research conducted at the Centre for European Policy Studies (CEPS), addresses the considerable impact that the introduction of the euro is likely to have on capital markets in Europe." "The authors predict that the impact will be far-reaching, leading to a more liquid, mature and efficient capital market. The structure of capital markets in Europe and the behaviour of actors in these markets will be fundamentally affected, leading to a more integrated market. For monetary union to achieve its real objective, policy makers will need to address a wide variety of outstanding issues, in particular the taxation of savings income, accounting standards, capital market regulation and financial supervision."--Jacket.