It is a wellestablished finding in the literature on development that maternal education and work are positively associated with better health and educational outcomes for children. 21 A recent meta-study also suggests that children in the United States with working mothers do as well if not better in school, both academically and behaviorally, than children with mothers that stay home full time.
It is also well worth noting that our work suggests that the development of the euro has been particularly helpful in maintaining competition in Europe. The euro has encouraged development of European money and capital markets, thus making the number of participants in a particular nation's markets less relevant.