Overview of themes
Fiercer competition among banks raises welfare without unwarranted risks for stability. →
Exposure of business services industry to foreign competition to lead to direct investment rather than imports or licensing agreements. →
What policy trade-offs ensue from exogenous developments in telecom? →
The EU capital market integrates. Portfolios become more international, cross border mergers are the order of the day, and never before has there been so much foreign direct investment. →