'This book presents a comprehensive review of structures and trends in major European capital markets on the basis of very informative empirical data. It provides a balanced account of the dynamics and the competitive position of these markets on the threshold of the new millennium. The authors emphasize the powerful impact of strong European capital markets in effecting substantial improvements in the real economy.' - Hans Eichel, German Minister of Finance
'In terms of comprehensiveness and detailed use of statistics, this book sets the standard for any analysis of the competitive positions of London, Frankfurt and Paris...The book will be compulsory reading for everyone interested in financial centres.' - Ernst Welteke, President, Deutsche Bundesbank
'At long last a book that looks objectively at the competitiveness of the European capital markets, a subject often charged with emotion in the past, and analyzes in fine detail what makes them successful. It mercilessly reveals weaknesses and errors - in part using hitherto little known or unknown empirical studies - traces their causes and shows new ways to change and thereby strengthen competitiveness. It stimulates critical reappraisal and makes valuable suggestions for decision-makers in politics and business on how to break out of their nationally oriented mindsets, and act swiftly - in light of international competition, which is becoming increasingly important in a global context - to consolidate and integrate Europe's capital markets...This book is a must for anyone interested in the future of the European economy.' - Rolf E. Breuer, Spokesman of the Board of Managing Directors, Deutsche Bank AG
'Congratulations on a powerful and timely book...The European race [to be] number one is fully on and this book establishes just how deeply the Seifert team grasps the issues and is ahead of the curve.' - Rudi Dornbusch, Ford Professor of Economics and International Management, Massachusetts Institute of Technology, USA
'The book illustrates for the first time how, in those financial services markets which are electronic infrastructure dependent, the innovative quality of Frankfurt as a financial centre is giving it a growing competitive edge, notwithstanding the substantial tax and other impediments that it, along with other European jurisdictions, face versus London.' - Timothy Plaut, Managing Director, Goldman Sacks & Co ohG
'Provides a balanced account of the dynamics and competitive positions of these key European markets and is compulsory reading for everyone interested in financial centres.' - Investment Week
