The Incomplete European Market for Financial Services

  • Paolo Cecchini
  • Friedrich Heinemann
  • Mathias Jopp

Part of the ZEW Economic Studies book series (ZEW, volume 19)

About this book



The incomplete European market for financial services, the obstacles to its integration and the potential benefits from more integration are subject of this book which is largely focussing on retail markets. The analysis can be regarded as a modernised follow-up to the financial market part of the famous 1988 Cecchini Report "The cost of non Europe". Even in the Euro age, retail financial markets in the EU are heavily fragmented and the consumers pay a large price for this fragmentation. This also weakens the growth perspective of EU and its international role. Explanations originate both from natural and policy-induced factors. Priorities for future policies are the dismantling of tax discriminations and further harmonisation in consumer protection and financial supervision.


Banking EU Euro European Integration European Union Financial Markets Insurance

Editors and affiliations

  • Paolo Cecchini
    • 1
  • Friedrich Heinemann
    • 2
  • Mathias Jopp
    • 3
  1. 1.BrusselsBelgium
  2. 2.ZEWMannheimGermany
  3. 3.Institut für Europäische PolitikBerlinGermany

Bibliographic information

  • DOI
  • Copyright Information Physica-Verlag Heidelberg 2003
  • Publisher Name Physica, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-7908-0013-5
  • Online ISBN 978-3-642-57364-4
  • Series Print ISSN 1615-6781
  • Series Online ISSN 1867-2027
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking