Year: 2017
Author: Bley, Andreas, Weber, Jan Philip
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 86 (2017), Iss. 1 : pp. 43–53
Abstract
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.
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/vjh.86.1.43
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 86 (2017), Iss. 1 : pp. 43–53
Published online: 2017-03
AMS Subject Headings: Duncker & Humblot, Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 11
Keywords: Financial markets Capital Market Union European Integration risk absorption E44 F36 G18 G28