The Importance of European Capital Markets Union for the Romanian Companies

Miţac Mirela Claudia ()
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Miţac Mirela Claudia: „Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 1, 99-104

Abstract: This paper analyzes the possible impact of European Capital Market Union on the developmentof Romanian economy. It discusses also the actual size of Romanian capital market, the evolutionof it between 2014 and 2016 and the harmonisation of Romanian legislation to EuropeanCommunity aquis regarding the capital market. Another topic is the access of Romanian companiesto different sources of financing such as: internal funds, from banks and non-bank financialinstitutions and from Romanian capital market in period 2014 - 2016. Romania is a country withan undeveloped capital market and Romanian companies will benefit from cross-border financingfrom European Capital Markets Union if the implementation of this union will succeed inEuropean Union.

Keywords: Capital Markets Union; European Union; economy; financing (search for similar items in EconPapers)
JEL-codes: F33 F36 G15 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:99-104

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