Reference : The Luxembourg Financial Ecosystem and the European Monetary Innovation. Cas Study on...
Scientific congresses, symposiums and conference proceedings : Unpublished conference
Law, criminology & political science : Political science, public administration & international relations
Arts & humanities : History
Business & economic sciences : Finance
Business & economic sciences : General economics & history of economic thought
Business & economic sciences : International economics
Business & economic sciences : Multidisciplinary, general & others
Finance
http://hdl.handle.net/10993/50871
The Luxembourg Financial Ecosystem and the European Monetary Innovation. Cas Study on KBL, LuxSE and EIB (1957-1990)
English
Danescu, Elena mailto [University of Luxembourg > Luxembourg Centre for Contemporary and Digital History (C2DH) > Contemporary European History >]
Cheng, Anqi [Fudan University, China]
26-Apr-2022
Yes
International
Businesses, banks and the making of Europe’s Economic and Monetary Union (EMU), 1957-1992
from 25 to 26 April 2022
European Research Council (ERC)
University of Glasgow
hybrid event (online via Teams anf on-spot at the University of Glasgow)
Scotland, UK
[en] Luxembourg ; Economic and Monetary Union ; Monetary innovation ; EUA ; ECU ; Eurco ; Euro ; Krediet Bank ; Krediet Bank Luxembourgeoise (KBL) ; Luxembourg Stock Echange (LuxSE) ; Bourse du Luxembourg ; European Investment Bank (EIB) ; Eurobonds Market ; SACOR Bond ; Autostrade Bond ; Influencial networks ; Pierre Werner ; Robert Triffin ; Jean Blondeel ; Fernand Collin ; Constant Franssens ; Financial regulation ; Commissariat de Contrôle aux Banques ; Banque Internationale à Luxembourg ; CEDEL ; Edmond Israel ; Eurocler
[en] The Luxembourg international financial centre developed considerably during the 1960s, propelled by several factors including concerted government policy, flexible regulation and a willingness to harness opportunities at international level (such as the 1963 US interest equalisation tax and the Bundesbank provisions introduced in 1968 and 1974). The decision to establish various Community institutions (the ECSC High Authority in 1952) and European funding institutions (the European Investment Bank in 1968) in the country also had a decisive impact. The currency union with Belgium (BLEU, 1921) and the absence of a Luxembourg Central Bank made these developments all the more significant. Drawing on archives and oral history sources, this paper aims to illustrate the complexity and originality that characterised the development of the conceptual, political and regulatory context in Luxembourg in the 1960s-1990s, in what can be seen as a sui generis experiment and preparation for EMU. It will explore the changing financial ecosystem in Luxembourg and the collaborative efforts by its main stakeholders (banks, regulatory authorities, individuals, networks) - with a focus on KBL, LuxSE and EIB - to encourage financial and monetary innovation (via the EUA, ECU, and Eurco) before the introduction of the European single currency and to pave the way for the establishment and consolidation of the euro
European Commission - EC, European Research Council
EURECON - The Making of a Lopsided Union: Economic Integration in the European Economic Community, 1957-1992
Researchers
http://hdl.handle.net/10993/50871
https://www.e-mourlon-druol.com/eurecon/
H2020 ; 716849 - EURECON - The Making of a Lopsided Union: Economic Integration in the European Economic Community, 1957-1992

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