Bericht
Capital market integration and macroeconomic stability
After the establishment of the Banking Union, the European Commission is working on measures to foster capital market deepening in Europe. Key goals for a European Capital Markets Union are to provide firms with alternative funding sources to bank credit and to make economies more resilient to local shocks through better international risk sharing. While open capital markets can improve portfolio diversification, growth and welfare, the recent financial crisis was a reminder that capital market integration also carries risks in terms of economic stability. This article summarizes pros and cons of capital market openness and discusses stability implications of different forms of capital market integration.
- Language
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Englisch
- Bibliographic citation
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Series: DIW Roundup: Politik im Fokus ; No. 116
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Bremus, Franziska
Stelten, Ruth
- Event
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Veröffentlichung
- (who)
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Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
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Berlin
- (when)
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2017
- 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
- Bericht
Associated
- Bremus, Franziska
- Stelten, Ruth
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2017