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The Capital Markets Union (CMU) is a flagship project of the European Commission that promotes a deepening of the financial markets. It aims at opening up new sources of funding for SMEs, as well as improving the matching between savers and borrowers. Additionally, CMU is supposed to increase...
Persistent link: https://www.econbiz.de/10011915978
CCPs; and the implications for bank, insurer and asset manager business models, in particular whether Brexit would act as a …
Persistent link: https://www.econbiz.de/10011712197
Although there is no single yardstick to gauge the degree of integration, there is ample evidence that financial markets in the euro area have some way to go before national demarcation lines will effectively disappear and financial market integration is satisfactory. While there has been a push...
Persistent link: https://www.econbiz.de/10012446663
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Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for …
Persistent link: https://www.econbiz.de/10011476387
This paper seeks to contribute to the research on the relationship between bank efficiency and European integration in … study estimates bank efficiency for different panels of European Union countries during the time period 1994-2008. The main …
Persistent link: https://www.econbiz.de/10013120374
foster additional non-bank sources of finance, mobilize private savings more efficiently and enhance capital market … finances. In a CMU sovereign risks have to be treated adequately in bank regulation. Third, it should be assessed in advance … which sources of non-bank finance will be demanded by companies and will become systemic. We recommend an integrated …
Persistent link: https://www.econbiz.de/10011292921
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enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated …
Persistent link: https://www.econbiz.de/10011475635
', if fiscal consolidation is combined with a program for bank recovery and for competitiveness and growth. The second … benign exit from the Eurozone with stable investor expectations could substantially dampen the short-run impact …
Persistent link: https://www.econbiz.de/10012244451