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
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Englisch
- Bibliographic citation
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Journal: Vierteljahrshefte zur Wirtschaftsforschung ; ISSN: 1861-1559 ; Volume: 86 ; Year: 2017 ; Issue: 1 ; Pages: 43-53 ; Berlin: Duncker & Humblot
- Classification
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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
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Financial markets
Capital Market Union
European Integration
risk absorption
- Event
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Geistige Schöpfung
- (who)
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Bley, Andreas
Weber, Jan Philip
- Event
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Veröffentlichung
- (who)
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Duncker & Humblot
- (where)
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Berlin
- (when)
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2017
- DOI
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doi:10.3790/vjh.86.1.43
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
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