 CAPITAL MARKETS UNION – FINANCIAL INTEGRATION AND RISK-SHARINGSorin-Nicolae Curcă Euroinfo, 2019, vol. 3, issue 9, 17-28 Abstract: The Action Plan for the Capital Markets Union across the EU was proposed by the European Union and launched in September 2015, aiming to reduce fragmentation in the financial sector and to develop financing options, other than those offered by the banking sector. The present paper analyzes the issue on integration in the capital market, highlighting the main features of the financing model of the European Union, its benefits, respectively how it can determine risk-sharing. What has been emphasized is that deepening the integration can contribute to removing barriers from the free movement of capital between the Member States and can generate a number of positive effects such as more efficient allocation of it, improving competition between intermediaries and between financing channels, reducing transaction costs. In terms of risk sharing, it has been highlighted the significant contribution that the capital market can bring to stabilizing the economy in time of crises. Keywords: capital market; investments; financial integration; shares; bonds; risk-sharing; European Union (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:eurinf:v:3:y:2019:i:9:p:17-28 Access Statistics for this article Euroinfo is currently edited by Simona Moagar Poladian, PhD More articles in Euroinfo from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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