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Consumer Credit in the European Union. ECRI Research Report No. 1, 1 February 2000

Guardia, Nuria Diez. (2000) Consumer Credit in the European Union. ECRI Research Report No. 1, 1 February 2000. UNSPECIFIED.

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    Abstract

    [From the Introduction]. Economic deregulation in many industrialised countries during the 1980s, the liberalisation of capital movements within the European Union (EU) in 1990, and the establishment of the single market for financial services have radically transformed the regulatory framework of European financial markets. One of the main objectives of the single market programme (1985) was the opening of national markets in order to create a European financial area with the free provision of financial services. Its implementation started in 1993 with the application of the second banking directive.1 In this context, monetary union is often seen as the accomplishment of the process of European financial integration. The elimination of exchange risk should indeed boost cross-border competition. The nature and speed of integration differ between wholesale and retail financial markets. Despite the pressure towards convergence stemming from monetary unification, national differences and market segmentation still characterise retail credit markets across EU member states. A first objective of this study is to compare the structure and developments of consumer credit markets in the EU.

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    Item Type: Other
    Uncontrolled Keywords: Consumer credit markets.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > consumer protection policy
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECRI Research Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 Jun 2009
    Page Range: p. 41
    Last Modified: 06 Apr 2012 12:52
    URI: http://aei.pitt.edu/id/eprint/9434

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