2. European financial markets in history
3. Market structures
3.1. Financial systems, markets and intermediaries
3.2. Financial market typology
3.2.1. Non-tradables and non-transferables
3.3. Financial systems in Europe
3.3.1. Bank-based systems
3.3.2. Market-based systems
3.3.3. Financial systems in Eastern Europe
3.4. External markets
3.4.2. Offshore centres
3.4.3. Virtual market places
4. European financial markets in the world economy
4.3. Venture capital
4.4. Payment, clearing and settlement systems
5. Market mechanisms and prices
5.1 Diversification, hedging and arbitrage
5.2. Market dynamics and the role of expectations
5.3. Price patterns
6. Policy Issues
6.1. Policy targets
6.2 Policy cooperation.
6.3 EMU and financial integration.
Appendix A: Bill of Exchange as Medieval Credit Instrument.
Appendix B: The Tobin Tax.
Appendix C: CFA Franc Zone.
Appendix D: Rating Agencies.
Appendix E: Optimum Currency Area.
Appendix F: Luxembourg.
Appendix G: Nonlinearities.
Appendix H: Value at Risk.
Appendix I: Legend to the FESE Diagram of the European Exchanges.