Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
EU Capital Markets Union: An Alluring Opportunity or a Blind Alley?: The Macro-Perspective: Cmu and Risk-Sharing. Vierteljahrshefte Zur Wirtschaftsfor

EU Capital Markets Union: An Alluring Opportunity or a Blind Alley?: The Macro-Perspective: Cmu and Risk-Sharing. Vierteljahrshefte Zur Wirtschaftsfor

Deutsches Institut Für Wirtschaftsforschung

Paperback

Series: Vierteljahrshefte Zur Wirtschaftsforschung

EconomicsInvesting & Finance

Currently unavailable to order

ISBN10: 342815360X
ISBN13: 9783428153602
Publisher: Duncker & Humblot
Published: Nov 22 2017
Pages: 102
Weight: 4.49
Language: English
Fostering cross-country risk-sharing via capital
markets is a central macroeconomic objective of the Capital Markets Union.
Risk-sharing means that individuals, firms or public-sector authorities, located in a
region or country suffering from a temporary and idiosyncratic economic shock, would
be able to compensate the regional output gap (i.e., lack of aggregate demand,
increasing unemployment and pressure on wages) via income arising from financial
claims on the output of unaffected member states within the European Monetary Union
(and within the European Union). Likewise, difficulties in access to funds for
households or firms in a crisis country would be mitigated as sources in the
financial markets of partner countries, unconstrained by the umbilical nexus to
>their achievable; neither in a bank-based nor in a marketbased financial system. However,
the CMU action plan is expected to enable European Union member states to make
substantial steps in this direction. In the light of these high expectations, the
question arises: Does the CMU action plan set the appropriate priorities and can it
ultimately deliver, that is: Is the risk sharing potential suggested in the plan
realistic? The authors of the VJH on the macro-perspective of the Capital Markets
Union provide an assessment of the risk-sharing potential and derive policy
recommendations for ways of improving the CMU project.

Also in

Economics

View All