The European Capital Markets Union A Systematic Literature Review
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The European Capital Markets Union A Systematic Literature Review
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Author : Luca Dominikat
language : en
Publisher: GRIN Verlag
Release Date : 2023-05-16
The European Capital Markets Union A Systematic Literature Review written by Luca Dominikat and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-16 with Business & Economics categories.
Seminar paper from the year 2020 in the subject Business economics - Investment and Finance, grade: 1.3, Hamburg University of Applied Sciences, language: English, abstract: This systematic literature review (SLR) aims to explore the perception of the establishment of the European Capital Markets Union (CMU) in literature. After the Global Financial Crisis (GFC) and the Euro debt crisis lead to a recession, the task of the CMU is to stimulate the European economy, strengthen European financial integration while presenting the EU as a competitive counterpart to other global financial markets. Being part of the financial markets, Capital Markets (CMs) play an important role for financial market-oriented economies. Therefore, this paper will discuss what benefits the CMU can offer in particular for small and medium sized companies (SMEs) in terms of diversifying their funding sources in other words an increase of market-based financing.
A Capital Market Union For Europe
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Author : Mr.Ashok Vir Bhatia
language : en
Publisher: International Monetary Fund
Release Date : 2019-09-10
A Capital Market Union For Europe written by Mr.Ashok Vir Bhatia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-10 with Business & Economics categories.
This note weighs the merits of a capital market union (CMU) for Europe, identifies major obstacles in its path, and recommends a set of carefully targeted policy actions. European capital markets are relatively small, resulting in strong bank-dependence, and are split sharply along national lines. Results include an uneven playing field in terms of corporate funding costs, the rationing out of collateral-constrained firms, and limited shock absorption. The benefits of integration center on expanding financial choice, ultimately to support capital formation and resilience. Capital market development and integration would support a healthy diversity in European finance. Proceeding methodically, the note identifies three key barriers to greater capital market integration in Europe: transparency, regulatory quality, and insolvency practices. Based on these findings, the note urges three policy priorities, focused on the three barriers. There is no roadblock—such steps should prove feasible without a new grand bargain.
The European Capital Markets Union
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Author : Andreas Dombret
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2015-07-31
The European Capital Markets Union written by Andreas Dombret and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-31 with Law categories.
In March 2015, the Institute for Law and Finance in Frankfurt am Main held a full-day symposium which brought together leading representatives of the public and private sectors to deliver the first high level response to the questions posed by the Commission’s Green Paper on Building a Capital Markets Union. These responses are collected in this volume.
The European Capital Markets Union
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Author : Andreas Dombret
language : en
Publisher:
Release Date : 2015
The European Capital Markets Union written by Andreas Dombret and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
European Monetary Union And International Capital Markets
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Author : Mr.Alessandro Prati
language : en
Publisher: International Monetary Fund
Release Date : 1997-05-01
European Monetary Union And International Capital Markets written by Mr.Alessandro Prati and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05-01 with Business & Economics categories.
This paper analyzes the structural implications of EMU for international capital markets. It discusses the potential size of euro capital markets and the existing roles of European currencies in international capital markets. The paper also examines the euro’s impact on international securities markets, including the role of the ECB, the evolution of EMU securities markets, and aspects of systemic risk management. The implications for wholesale and retail banking markets are also discussed, as are the broader implications of the introduction of the euro for changes in international capital flows, international portfolios, and by implication exchange rates.
Europe S Untapped Capital Market
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Author : Diego Valiante
language : en
Publisher:
Release Date : 2016
Europe S Untapped Capital Market written by Diego Valiante and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Capital market categories.
"In the aftermath of the great financial crisis, the lack of risk diversification in the European financial system, i.e. limited cross-border banking and capital markets activities, is the main cause of the fast retrenchment of capital flows within national boundaries. Europe needs private risk sharing mechanisms to withstand asymmetric shocks, such as the recent financial crisis. An EU-wide action to promote competition among national capital markets could free up to €1.8 trillion in cash and deposits to invest cross-border in more profitable and riskier projects to create growth and jobs. In December 2014, ECMI and CEPS formed the European Capital Markets Expert Group (ECMEG) with the aim of providing a long-term contribution to the debate on the Capital Markets Union (CMU) project, proposed by the European Commission. After an intensive, year-long research effort and in-depth discussions with ECMEG members, this final report aims to rethink financial integration policies in the European Union and to devise an EU-wide plan to remove the barriers to greater capital markets integration. It offers a methodology to identify and prioritise cross-border barriers to capital markets integration and provides a set of policy recommendations to improve its key components: price discovery, execution and enforcement.
Eu Capital Markets Union An Alluring Opportunity Or A Blind Alley
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Author : Hans-Helmut Kotz
language : en
Publisher:
Release Date : 2017-11-02
Eu Capital Markets Union An Alluring Opportunity Or A Blind Alley written by Hans-Helmut Kotz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-02 with categories.
Capital Markets Union And Beyond
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Author : Franklin Allen
language : en
Publisher: MIT Press
Release Date : 2024-03-12
Capital Markets Union And Beyond written by Franklin Allen and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-12 with Business & Economics categories.
Experts from economics, finance, law, policy, and banking discuss the design and implementation of a future capital market union in Europe. The plan for further development of Europe's economic and monetary union foresees the creation of a capital market union (CMU)—a single market for capital in the entire Eurozone. The need for citizens and firms of all European countries to have access to funding, together with the pressure to improve the efficiency and risk-sharing opportunities of the financial system in general, put the CMU among the top priorities on the Eurozone's agenda. In this volume, leading academics in economics, finance, and law, along with policy makers and practitioners, discuss the design and implementation of a future CMU. Contributors describe the key design challenges of the CMU; specific opportunities and obstacles for reaching the CMU's goals of increasing the economic well-being of households and the profitability and viability of firms; the role that markets—from the latest fintech developments to traditional equity markets—can play in the future success of CMU; and the institutional framework needed for CMU in the aftermath of the global recession. Contributors Sumit Agarwal, Franklin Allen, Valentina Allotti, Gene Amromin, John Armour, Geert Bekaert, Itzhak Ben-David, Marcello Bianchi, Lorenzo Bini-Smaghi, Claudio Borio, Franziska Bremus, Marina Brogi, Claudia M. Buch, Giacomo Calzolari, Souphala Chomsisengphet, Luca Enriques, Douglas D. Evanoff, Ester Faia, Eilis Ferran, Jeffrey N. Gordon, Michael Haliassos, Campbell R. Harvey, Kathryn Judge, Suzanne Kalss, Valentina Lagasio, Katya Langenbucher, Christian T. Lundblad, Massimo Marchesi, Alexander Michaelides, Stefano Micossi, Emanuel Moench, Mario Nava, Giorgio Barba Navaretti, Giovanna Nicodano, Gianmarco Ottaviano, Marco Pagano, Monica Paiella, Lubos Pastor, Alain Pietrancosta, Richard Portes, Alberto Franco Pozzolo, Stephan Siegel, Wolfe-Georg Ringe, Diego Valiante
The Euro Capital Market
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Author : Daniel Gros
language : en
Publisher: John Wiley & Sons
Release Date : 2001-12-11
The Euro Capital Market written by Daniel Gros and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-12-11 with Business & Economics categories.
The authors predict that the impact will be far-reaching, leading to a more liquid, mature and efficient capital market. The structure of capital markets in Europe and the behaviour of actors in these markets will be fundamentally affected, leading to a more integrated market. For monetary union to achieve its real objective, policy makers will need to address a wide variety of outstanding issues, in particular the taxation of savings income, accounting standards, capital market regulation and financial supervision. The start of monetary union on 1 January 1999 launched a process of radical change in the structure of capital markets in Europe. Whereas previously, Europe had been fragmented into many diverse national markets, a single Euro capital market is now emerging. This book focuses on the long-term impact that the introduction of the euro will have on European capital markets and spells out implications for the financial sector and the wider economy. It discusses what further steps need to be taken to achieve a fully integrated market. In particular, the book examines: * The institutional and regulatory framework for European capital markets * The structure of European capital markets on the eve of EMU * The regional differences and the contrasts with the US capital market * The central role played by banks in European capital markets and the likelihood that a more market-based system may emerge * The implications of EMU for organised securities markets * The consequences for governance and policy, and more in particular for the taxation of savings income, securities market regulation and financial supervision
Capital Markets Union In Europe
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Author : Danny Busch
language : en
Publisher:
Release Date : 2018
Capital Markets Union In Europe written by Danny Busch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Capital market categories.
'Capital Markets Union in Europe' analyses the legal and economic aspects of the plans for a Capital Markets Union (CMU) in Europe, which will have a major impact on financial markets and institutions both in the region and beyond.