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Since the crisis, there have been major changes in current account imbalances: whereas the global surplus was concentrated in China and oil exporters in the pre-crisis period, capital is today mainly exported from the euro area, Japan and a few other advanced economies. Moreover, although in the...
Persistent link: https://www.econbiz.de/10015286846
Complementing Europe's bank-based system with deeper capital markets and more cross-border financial integration … opportunity to shape a stable and cost-efficient financial system. In contrast, late action could mean that Europe loses out to … foreign competitors and misses an opportunity to improve financial intermediation in Europe. …
Persistent link: https://www.econbiz.de/10011738354
Persistent link: https://www.econbiz.de/10012212697
The completion of Europe's capital markets union is desirable not only from a financial stability standpoint. Equity … incentives for carbon-intensive sectors to develop greener technologies. Capital market underdevelopment in Europe is evident … when comparing company financing structures to other advanced economies. Even listed companies in Europe are substantially …
Persistent link: https://www.econbiz.de/10012655257
For the very first time, in the Spring of 2023, the European Commission (EC) carried out a survey across all member states to assess their level of financial literacy. This survey complements other national surveys and fills an important gap because it provides a consistent metric that allows...
Persistent link: https://www.econbiz.de/10015412080