Capital Markets Union In Europe

Author : Franklin Allen,Ester Faia,Michael Haliassos,Alain Pietrancosta
Publisher : MIT Press
Page : 391 pages
File Size : 43,9 Mb
Release : 2024-03-12
Category : Business & Economics
ISBN : 9780262551489

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Capital Markets Union and Beyond by Franklin Allen,Ester Faia,Michael Haliassos,Alain Pietrancosta Pdf

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

Author : Mr.Ashok Vir Bhatia,Ms.Srobona Mitra,Anke Weber,Mr.Shekhar Aiyar,Luiza Antoun de Almeida,Cristina Cuervo,Mr.Andre O Santos,Tryggvi Gudmundsson
Publisher : International Monetary Fund
Page : 30 pages
File Size : 48,8 Mb
Release : 2019-09-10
Category : Business & Economics
ISBN : 9781513513690

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A Capital Market Union for Europe by Mr.Ashok Vir Bhatia,Ms.Srobona Mitra,Anke Weber,Mr.Shekhar Aiyar,Luiza Antoun de Almeida,Cristina Cuervo,Mr.Andre O Santos,Tryggvi Gudmundsson Pdf

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.

Author : Danny Busch,Emilios Avgouleas,Guido Ferrarini
Publisher : Oxford Eu Financial Regulation
Page : 0 pages
File Size : 44,7 Mb
Release : 2018
Category : Law
ISBN : 0198813392

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Capital Markets Union in Europe by Danny Busch,Emilios Avgouleas,Guido Ferrarini Pdf

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.

Author : Danny Busch,Emilios Avgouleas,Guido Ferrarini
Publisher : Unknown
Page : 128 pages
File Size : 52,8 Mb
Release : 2018
Category : BUSINESS & ECONOMICS
ISBN : 019254330X

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Capital Markets Union in Europe by Danny Busch,Emilios Avgouleas,Guido Ferrarini Pdf

Capital Markets Union in Europe analyses the legal and economic implications of the European Commission's plans to form a Capital Markets Union (CMU) in Europe, which will have a major impact on financial markets and institutions both in the region and beyond. A detailed introductory chapter provides a broad overview of the various aspects and challenges of the CMU proposals, whilst thematically grouped chapters cover the following areas: (i) general aspects, (ii) Brexit, (iii) financing innovation, (iv) raising capital on the capital markets, (v) fostering retail and institutional investment, (vi) leveraging banking capacity to support the wider economy, (vii) facilitating cross-border investing, and (viii) comparative aspects of capital market integration. Written by world renowned experts in the fields of banking and capital markets, including respected academics, with broad practical experience, and leading practitioners, Capital Markets Union in Europe provides high-quality analysis of the legal and economic issues in a practical context. --

Author : Andreas Dombret,Patrick S. Kenadjian
Publisher : Walter de Gruyter GmbH & Co KG
Page : 136 pages
File Size : 47,6 Mb
Release : 2015-07-31
Category : Law
ISBN : 9783110444643

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The European Capital Markets Union by Andreas Dombret,Patrick S. Kenadjian Pdf

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.

Author : Nazaré da Costa Cabral,Nuno Cunha Rodrigues
Publisher : Springer Nature
Page : 359 pages
File Size : 45,6 Mb
Release : 2019-11-26
Category : Business & Economics
ISBN : 9783030294977

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The Future of Pension Plans in the EU Internal Market by Nazaré da Costa Cabral,Nuno Cunha Rodrigues Pdf

This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the European level in response to common challenges, such as ageing and the digital revolution.This interdisciplinary work embraces economic, financial and legal perspectives, while focusing on previously selected coherence aspects in order to ensure that the analyses are comprehensive and globally consistent.

Author : Diego Valiante
Publisher : Centre for European Policy Studies
Page : 0 pages
File Size : 40,6 Mb
Release : 2016
Category : Capital market
ISBN : 1786600447

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Europe's Untapped Capital Market by Diego Valiante Pdf

This book builds on a year-long discussion with a group of academics, policy-makers and industry experts to provide a long-term contribution to the Capital Markets Union project, launched by the European Commission in 2015. It identifies 36 cross-border barriers to capital mar...

Author : Zdenek Kudrna
Publisher : Unknown
Page : 128 pages
File Size : 49,6 Mb
Release : 2016-11-03
Category : Electronic
ISBN : 1619775174

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The EU's Capital Markets Union by Zdenek Kudrna Pdf

Author : Hans-Helmut Kotz,Dorothea Schäfer
Publisher : Unknown
Page : 147 pages
File Size : 43,6 Mb
Release : 2017-11-02
Category : Electronic
ISBN : 3428153596

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EU Capital Markets Union: an Alluring Opportunity Or a Blind Alley? by Hans-Helmut Kotz,Dorothea Schäfer Pdf

Author : Valerio Lemma
Publisher : Springer Nature
Page : 506 pages
File Size : 54,8 Mb
Release : 2020-04-25
Category : Business & Economics
ISBN : 9783030423476

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FinTech Regulation by Valerio Lemma Pdf

Responding to growing interest in new regulations adopted by the EU, US, and UK authorities, this book provides a comprehensive overview of the legal and economic aspects of FinTech and the current regulation surrounding it. In particular, the book observes the technological evolution of finance and the ‘economic space’ that lies between the regulated market and the illegal circulation of capital. Analysing laws that influence the application of technology to the banking and finance sector, the author considers market infrastructure and illustrates how firms execute their activities on a global scale, away from the scope of public supervision and monetary backstops. With globalisation and digitalisation boosting efficiency, the economical relevance of technology is becoming ever more important and therefore this book provides a much-needed examination of the current trends in FinTech regulation, making it an essential read for those researching financial markets, and professionals within the industry.

Author : Hans-Helmut Kotz,Dorothea Schäfer
Publisher : Unknown
Page : 102 pages
File Size : 54,6 Mb
Release : 2017-11-10
Category : Electronic
ISBN : 342815360X

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EU Capital Markets Union: an Alluring Opportunity Or a Blind Alley? by Hans-Helmut Kotz,Dorothea Schäfer Pdf

Author : Mr.Alessandro Prati,Mr.Garry J. Schinasi
Publisher : International Monetary Fund
Page : 62 pages
File Size : 55,7 Mb
Release : 1997-05-01
Category : Business & Economics
ISBN : 9781451848250

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European Monetary Union and International Capital Markets by Mr.Alessandro Prati,Mr.Garry J. Schinasi Pdf

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.

Author : Marie-Renée Bakker,Alexandra Gröss,World Bank
Publisher : World Bank Publications
Page : 52 pages
File Size : 48,6 Mb
Release : 2004
Category : Capital market
ISBN : 0821357883

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Development of non-bank financial institutions and capital markets in European union accession countries by Marie-Renée Bakker,Alexandra Gröss,World Bank Pdf

Author : Andreas Dombret,Patrick S. Kenadjian
Publisher : Unknown
Page : 85 pages
File Size : 49,7 Mb
Release : 2015
Category : Electronic
ISBN : 3110444658

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The European Capital Markets Union by Andreas Dombret,Patrick S. Kenadjian Pdf

Author : Rüdiger Veil
Publisher : Oxford University Press
Page : 545 pages
File Size : 51,7 Mb
Release : 2024-06-14
Category : Law
ISBN : 9780192882660

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Regulating Eu Capital Markets Union by Rüdiger Veil Pdf

This is the first of a two-volume series that examines the current EU capital markets regimes and explores codification as a means for achieving a true single market for capital in Europe.