Jonathan A.Batten – European Fixed Income Markets

This book offers a clear, insightful perspective on the post-eurofixed-income markets of Europe. The introduction of the euro in1999 cast a new focus on the financial markets of constituenteuro-zone countries which have subsequently seen their domesticmarkets emerge as the second largest bond market in the world afterAmerica, with bonds being the most important asset-class-rivallingequities. Such critical size and importance results from theharmonization of macro-economic targets, and has considerablybroadened the scope of individual national debt markets.The essential characteristics and institutional details of thefixed-income markets of euro-zone countries as well as theirindividual fixed-income market are introduced and discussed by 26prominent international academics and market practitioners. Theirunique and detailed country analyses of both the euro and non-euroEuropean countries will add measurably to an understanding of thesemarkets.

There has been a paucity of volumes with extensive coverage ofthe fixed-income markets of the euro area since the inception ofthe euro, and this book aims to partially fill that void.