EMU and the cost of capital
The EMU study by HM Treasury EMU and the cost of capital considers the potential impact of EMU on the cost of capital for UK firms. The cost of capital is an important component of a firm’s investment decision. The study considers the ways in which firms raise capital for investments, focusing on the implications of EMU for the cost of external finance, and what the implications might be for the cost of capital of changes in the structure of UK corporate finance prompted by EMU entry.
The EMU and the cost of capital below is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
EMU and the cost of capital
PDF file of Executive Summary (84kb)
PDF file of Chapters 1, 2, 3, 4 (496kb)
PDF file of Chapters 5, 6, 7, reference, annexes (200kb)