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
Englisch

Bibliographic citation
Series: DIW Roundup: Politik im Fokus ; No. 116

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Bremus, Franziska
Stelten, Ruth
Event
Veröffentlichung
(who)
Deutsches Institut für Wirtschaftsforschung (DIW)
(where)
Berlin
(when)
2017

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

This object is provided by:
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

Other Objects (12)