European Financial System Revolutionized with New Market Developments and Policy Changes.
The article "Financial Markets and Institutions: A European Perspective (Chapter 1)" discusses the European financial system, focusing on markets, infrastructures, institutions, and policy challenges. The fourth edition covers topics such as financial crises, reforms, FinTech, cryptocurrencies, and shadow banking. It also addresses unconventional monetary policies, the Banking Union, Capital Markets Union, Brexit, Basel 3 framework, and macro-prudential policies. The new edition includes more international comparisons with countries like the United States, China, and Japan.