This comprehensive work investigates the barriers to European equity market integration which will remain after 1996. Among the areas given special attention are equity trading, the single currency, corporate governance, pension funds, capital standards, clearance and settlement, and accounting diversity. The study is the culmination of a major international research effort by the European Capital Markets Institute.
Benn Steil is an American economist and writer.[1] He was educated at Nuffield College, Oxford and at the Wharton School of the University of Pennsylvania. Steil is the senior fellow and director of international economics at the Council on Foreign Relations. He is the founder and editor of the journal International Finance. He has been awarded the Hayek Prize and the Spear's Book Award.