The capital markets are less certain.
A: No, even in Italy, where markets are less global, it's rare.
"The markets are less competitive, so the margins and returns can be much higher," she said.
The consequences in a downturn, when markets are less liquid anyway, could be severe.
Greenwich's bond experts could export their skills to Europe, where such markets are less developed.
When markets are less liquid, assets stay on the balance-sheets for longer.
Our results suggest that with simplified design and when markets are less concentrated, consumers are more responsive to quality reporting.
This may be because European labour markets are less efficient, which is to say less inhuman, than the American ones.
That is partly because markets are less liquid and less competitive since the collapse of Lehman Brothers last September.
In a perfect world, the Fed's communications strategy should mean the markets are less erratic, not more.
Brazil could expand output much more, but will do so only when export markets are less unpredictable.
