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Capital Markets Union And Brexit - Future Challenges And Actions

Author

Listed:
  • CRAIU Maria-Anca

    (1Romanian Academy, National Institute for Economic Research "Costin C. Kiritescu", Romania)

Abstract

As the single market was created for free movement of goods and services, the main objective to create the Capital Markets Union was to reduce the reliance on banking sector and to have alternative sources of funding. The paper tries to emphasize some of the challenges that still exist even after 5 years since its launch and to put some question marks for reflection on the future of the CMU in view of the scale and nature of the present challenges facing the European Union like the departure of United Kingdom from the European Union.

Suggested Citation

  • CRAIU Maria-Anca, 2019. "Capital Markets Union And Brexit - Future Challenges And Actions," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 71(1), pages 18-26, March.
    • Handle: RePEc:blg:reveco:v:71:y:2019:i:1:p:18-26
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/71102craiu.pdf
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    More about this item

    Keywords

    capital markets; CMU; financial integration; proportionality; Brexit;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets

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