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The European Securities Transaction Industry

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Abstract

Despite a lot of restructuring and many innovations in recent years, the securities transaction industry in the European Union (EU) is still a highly inefficient and inconsistently configured system for cross-border transactions. Many EU politicians eagerly promote the completion of the Single European Market, but — apart from a few exceptions — the industry structure still closely resembles the former fragmented market structure of largely independent organizations operating along national lines. This causes higher costs in the handling of cross-border securities1 which ultimately translate into higher costs of capital — a significant competitive disadvantage for European firms compared to companies in the USA.

Keywords

European Union Vertical Integration Organizational Design Industry Structure Static Efficiency 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Marco Weiss 2007

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