Capital Markets Union for Europe - A Political Message to the UK

@article{Ringe2015CapitalMU,
  title={Capital Markets Union for Europe - A Political Message to the UK},
  author={W. Ringe},
  journal={European Finance eJournal},
  year={2015}
}
  • W. Ringe
  • Published 2015
  • Business
  • European Finance eJournal
The economic case for the recent proposal on a European ‘Capital Markets Union’ is obvious. However, the name is more symbolic than real, and the substance falls short of proposing a fully unified capital market across the EU. This short paper identifies several shortcomings of the project. In particular, the unclear methodological approach of the CMU project, and the lack of a clear commitment to a European enforcement or institutional mechanism weaken the benefits of the overall concept… Expand