- 1. Introduction
- 2. Market functioning: the basic concepts
- 3.Developments driving changes in market functioning
- The introduction of the euro
- Electronic trading
- Constellation and behaviour of market participants
- Shifts in supply
- 4. Implications for market liquidity
- How has liquidity been shifting?
- What determines market liquidity in normal times?
- How does market liquidity behave under stress?
- 5. Implications for asset pricing
- What can prices tell us about market integration and segmentation?
- How well do various yield curves reflect macroeconomic expectations?
- Which markets are best informed about credit risk?
- 6. Implications for central bank policies
- Market liquidity
- The transmission mechanism
- Information from and to markets
- Domestic operations
- External operations
- References
- List of paper contributions
- List of meeting participants
Persistent link: https://www.econbiz.de/10005854150