Europe’s proposed capital markets union: disruption will drive investment and innovation
Danielsson, J.
, Micheler, E., Neugebauer, K., Uthemann, A. & Zigrand, J.
(2015).
Europe’s proposed capital markets union: disruption will drive investment and innovation.
VoxEU,
, Micheler, E., Neugebauer, K., Uthemann, A. & Zigrand, J.
(2015).
Europe’s proposed capital markets union: disruption will drive investment and innovation.
VoxEU,
The proposed EU capital markets union aims to revitalise Europe’s economy by creating efficient funding channels between providers of loanable funds and firms best placed to use them. This column argues that a successful union would deliver investment, innovation, and growth, but it depends on overcoming difficult regulatory challenges. A successful union would also change the nature of systemic risk in Europe.