Bremus, Franziska; Kliatskova, Tatsiana - In: Journal of International Money and Finance 107 (2020)
implementation of EU-directives, our analysis yields three key insights. First, legal harmonization promotes portfolio equity …Motivated by the action plan for a European capital markets union (CMU), this paper analyzes the potential for legal … harmonization and convergence in institutional quality to affect capital market integration. Based on hand-collected data on the …