A Capital Market Union for Europe is popular PDF and ePub book, written by Mr.Ashok Vir Bhatia in 2019-09-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, A Capital Market Union for Europe can be Read Online from any device for your convenience.
A Capital Market Union for Europe Book PDF Summary
This note weighs the merits of a capital market union (CMU) for Europe, identifies major obstacles in its path, and recommends a set of carefully targeted policy actions. European capital markets are relatively small, resulting in strong bank-dependence, and are split sharply along national lines. Results include an uneven playing field in terms of corporate funding costs, the rationing out of collateral-constrained firms, and limited shock absorption. The benefits of integration center on expanding financial choice, ultimately to support capital formation and resilience. Capital market development and integration would support a healthy diversity in European finance. Proceeding methodically, the note identifies three key barriers to greater capital market integration in Europe: transparency, regulatory quality, and insolvency practices. Based on these findings, the note urges three policy priorities, focused on the three barriers. There is no roadblock—such steps should prove feasible without a new grand bargain.
Detail Book of A Capital Market Union for Europe PDF
- Author : Mr.Ashok Vir Bhatia
- Release : 10 September 2019
- Publisher : International Monetary Fund
- ISBN : 9781513513690
- Genre : Business & Economics
- Total Page : 30 pages
- Language : English
- PDF File Size : 13,7 Mb
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