基本説明
Now that the euro has become tangible, doubtless the European financial market will take more definite shape in the minds of investors and more particularly of savers of the twelve countries which comprise the euro area. Since 1 January 1999, the euro has already been a reality for companies and financial institutions. The 1 January 2002 date, however, is exceedingly important because it marks not only a change in the means of payment used, but also from the client point of view, of the general transition to the euro for products of asset and liability.
When a system of accounts comprehensively covering the euro zone as a whole was being introduced, it was necessary to pinpoint our knowledge and ignorance, the latter unfortunately still being substantial (A. Babeau). With the data which we possess, F. Pansard try to analyse the "the euro zone's major economic balances". Although some data is still missing, the accounting frame exists. The "wealth accumulation model" embraces all the scales which we are accustomed to in national accounts and also those with which we are less familiar since they have only recently emerged (A. Babeau). Taking only households in the euro area, one may wonder whether their "financial resources" and the uses they make of them have undergone notable changes in recent years. The frame for the "financing table" used by A. Mpacko Priso and L. Grillet-Aubert is a well-suited instrument for observing the "resources" side, the change in the respective weights of savings and credit, and the change in the position of physical investment and financial investment.
Without data on non-financial capital, at least the amount and composition of Europeans' financial capital can be studied (A. Babeau and A. Mpacko Priso). More generally, it is interesting to identify the "final instrument" for their financial investment (V. Oheix and B. Séjourné).
