Exchange-Traded Funds in Europe provides a single point of reference on a diverse set of regional ETF markets, illuminating the roles ETFs can play in risk mitigation and speculation. Combining empirical data with models and case studies, the authors use diffusion models and panel/country-specific regressions—as well as graphical and descriptive analyses— to show how ETFs are more than conventional, passive investments. With new insights on how ETFs can improve market efficiency and how investors can benefit when using them as investment tools, this book reveals the complexity of the world’s second largest ETF market and the ways that ETFs are transforming it.
1. Chapter 1. Introduction - p. 1 2. Chapter 2. Exchange-Traded Funds: Concepts and Contexts - p. 7 3. Abstract - p. 7 4. 2.1 Exchange-Traded Funds: Evolution, Features, and Categories - p. 7 5. 2.2 Exchange-Traded Funds and Competing Investment Alternatives: A Comparison - p. 24 6. 2.3 Factors Influencing the Development of Exchange-Traded Funds Markets - p. 33 7. 2.4 Impact of Exchange-Traded Funds on the Development and Stability of Financial Systems - p. 44 8. References - p. 53 9. Chapter 3. Exchange-Traded Funds Markets in Europe: Development Patterns - p. 61 10. Abstract - p. 61 11. 3.1 Introduction - p. 61 12. 3.2 Exchange-Traded Funds Diffusion Patterns and Dynamics - p. 88 13. 3.3 Projected Exchange-Traded Funds Markets Development - p. 104 14. 3.4 Story of Failure and Success of Exchange-Traded Funds in Europe: Case Studies (Part I) - p. 109 15. References - p. 117 16. Chapter 4. Determinants of the European Exchange-Traded Funds Markets Development - p. 121 17. Chapter 5. Exchange-Traded Funds and Financial Systems of European Countries: A Growth Factor or Threat to Stability? - p. 165 18. Chapter 6. Conclusions and Recommendations - p. 199 19. Methodological Annex - p. 209 20. Index - p. 215
Exchange-Traded Funds in Europe provides a single point of reference on a diverse set of regional ETF markets, illuminating the roles ETFs can play in risk mitigation and speculation. Combining empirical data with models and case studies, the authors use diffusion models and panel/country-specific regressions—as well as graphical and descriptive analyses— to show how ETFs are more than conventional, passive investments. With new insights on how ETFs can improve market efficiency and how investors can benefit when using them as investment tools, this book reveals the complexity of the world’s second largest ETF market and the ways that ETFs are transforming it.
1. Chapter 1. Introduction - p. 1 2. Chapter 2. Exchange-Traded Funds: Concepts and Contexts - p. 7 3. Abstract - p. 7 4. 2.1 Exchange-Traded Funds: Evolution, Features, and Categories - p. 7 5. 2.2 Exchange-Traded Funds and Competing Investment Alternatives: A Comparison - p. 24 6. 2.3 Factors Influencing the Development of Exchange-Traded Funds Markets - p. 33 7. 2.4 Impact of Exchange-Traded Funds on the Development and Stability of Financial Systems - p. 44 8. References - p. 53 9. Chapter 3. Exchange-Traded Funds Markets in Europe: Development Patterns - p. 61 10. Abstract - p. 61 11. 3.1 Introduction - p. 61 12. 3.2 Exchange-Traded Funds Diffusion Patterns and Dynamics - p. 88 13. 3.3 Projected Exchange-Traded Funds Markets Development - p. 104 14. 3.4 Story of Failure and Success of Exchange-Traded Funds in Europe: Case Studies (Part I) - p. 109 15. References - p. 117 16. Chapter 4. Determinants of the European Exchange-Traded Funds Markets Development - p. 121 17. Chapter 5. Exchange-Traded Funds and Financial Systems of European Countries: A Growth Factor or Threat to Stability? - p. 165 18. Chapter 6. Conclusions and Recommendations - p. 199 19. Methodological Annex - p. 209 20. Index - p. 215
