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Challenges for the European Capital Markets Union : reviving financial integration and safeguarding financial stability

Demary, Markus - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 1, pp. 55-68

After a period of deepening financial integration, the financial crisis triggered a fragmentation of Europe’s capital markets along national lines. Financial integration was prone to sudden stops and capital reversals because cross-border capital flows predominantly consisted of short-term...

Persistent link: https://www.econbiz.de/10011916008

Stricto Sensu Investor Protection Under the 'MiFID II' : A Systematic Overview of Articles 24-30

Gortsos, Christos V. - 2018

This study is aiming to present (and to a certain extent analyse) the provisions of Articles 24-30 of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 “on markets in financial instruments (…)” (‘MiFID II') – including the relevant provisions of the...

Persistent link: https://www.econbiz.de/10012933790

The Global Financial Crisis and its Impact on Emerging Market Economies in Europe and the CIS : Evidence from Mid-2010

Dabrowski, Marek - 2010

Emerging market economies were major beneficiaries of the economic boom before 2007. More recently, they have become victims of the lobal financial crisis. Their future development depends, to a large extent, on global economic prospects. Today the global economy and the European economy are...

Persistent link: https://www.econbiz.de/10013137442

Remedies for the Eurozone Crisis : Quack and Otherwise

Sawyer, Malcolm C. - 2012

The on-going crisis of the eurozone is calling its continued existence into doubt, and raising questions on whether it can function effectively. The view of the nature of the eurozone crisis as arising from ‘design faults' of the Economic and Monetary Union and a balance of payments crisis...

Persistent link: https://www.econbiz.de/10013105540

External Imbalances and Financial Fragility in the Euro Area

Fratianni, Michele U. - 2014

This paper presents two views of the European sovereign debt crisis. The first is that the South in the euro zone has been fiscally irresponsible, and has failed to implement supply-side policies such as liberalizing labor markets and the market for services. The second view holds that the...

Persistent link: https://www.econbiz.de/10013066126

Asian and European Financial Crises Compared

Truman, Edwin M. - 2013

The European and Asian financial crises are the two most recent major regional crises. This paper compares their … origins and evolution. The origins of the two sets of crises were different in some respects, but broadly similar. The two … sets of crises also shared similarities in their evolution, but here the differences were more significant. The European …

Persistent link: https://www.econbiz.de/10013074003

The Flow of Capital and the Eurozone Crisis

Svrtinov, Vesna - 2014

, typically triggering financial crises. The latest financial crisis in the euro zone (EZ) seems to support this point of view …

Persistent link: https://www.econbiz.de/10013051896

The Effects of Sudden Stops During the Eurozone Crisis

Svrtinov, Vesna - 2014

capital mobility, sudden stops of capital inflows may occur, typically triggering financial crises. The latest financial …

Persistent link: https://www.econbiz.de/10013051898

The Euro Imbalances and Financial Deregulation : A Post-Keynesian Interpretation of the European Debt Crisis

Caldentey, Esteban Pérez - 2012

Conventional wisdom suggests that the European debt crisis, which has thus far led to severe adjustment programs crafted by the European Union and the International Monetary Fund in both Greece and Ireland, was caused by fiscal profligacy on the part of peripheral, or non-core, countries in...

Persistent link: https://www.econbiz.de/10013112810

The eurozone in the current crisis

Wyplosz, Charles - 2010

This paper contrasts the United States (US) and European situations during the crisis and examines how much of the crisis has been imported by Europe from the US. The paper argues that Europe never had a chance to avoid contagion from the US. It also documents the relatively limited reaction of...

Persistent link: https://www.econbiz.de/10003983135