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.

Sprache
Englisch

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

Klassifikation
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
Thema
Financial markets
Capital Market Union
European Integration
risk absorption

Ereignis
Geistige Schöpfung
(wer)
Bley, Andreas
Weber, Jan Philip
Ereignis
Veröffentlichung
(wer)
Duncker & Humblot
(wo)
Berlin
(wann)
2017

DOI
doi:10.3790/vjh.86.1.43
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

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

Entstanden

  • 2017

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