Artikel

Capital Markets Union: Deepening the Single Market Makes Sense, but Don't Expect too Much

The Capital Markets Union (CMU) is a flagship project of the European Commission that promotes a deepening of the financial markets. It aims at opening up new sources of funding for SMEs, as well as improving the matching between savers and borrowers. Additionally, CMU is supposed to increase the absorption capacity for asymmetric country-specific shocks. Some even see the CMU as a substitute for a fiscal union. However, it is questionable whether deeper financial market integration will succeed and materialize in a political and economic environment filled with severe uncertainties.

Language
Englisch

Bibliographic citation
Journal: Vierteljahrshefte zur Wirtschaftsforschung ; ISSN: 1861-1559 ; Volume: 86 ; Year: 2017 ; Issue: 1 ; Pages: 43-53 ; Berlin: Duncker & Humblot

Classification
Wirtschaft
Financial Markets and the Macroeconomy
Financial Aspects of Economic Integration
General Financial Markets: Government Policy and Regulation
Financial Institutions and Services: Government Policy and Regulation
Subject
Financial markets
Capital Market Union
European Integration
risk absorption

Event
Geistige Schöpfung
(who)
Bley, Andreas
Weber, Jan Philip
Event
Veröffentlichung
(who)
Duncker & Humblot
(where)
Berlin
(when)
2017

DOI
doi:10.3790/vjh.86.1.43
Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Bley, Andreas
  • Weber, Jan Philip
  • Duncker & Humblot

Time of origin

  • 2017

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