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Fallstricke der Europäischen Integration: Banken- und Kapitalmarktunion aus deutscher Perspektive

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  • Gischer Horst

    (Otto-von-Guericke-UniversitätMagdeburg, Lehrstuhl für Monetäre Ökonomie und öffentlich-rechtliche Finanzwirtschaft und Forschungszentrum für Sparkassenentwicklung e.V., Germany)

  • Ilchmann Christian

    (Otto-von-Guericke-UniversitätMagdeburg, Lehrstuhl für Monetäre Ökonomie und öffentlich-rechtliche Finanzwirtschaft, Germany)

  • Kesseler Bruno

Abstract

Under the impression of the last financial crisis, the European Commission developed a variety of measures to ensure financial stability and economic prosperity within the European Union – the so-called Banking Union in 2014 and the Capital Markets Union in 2015. Nevertheless, the particular strategies applied neglect peculiarities of national financial systems and hence hamper the intended integration. Initially, this paper will give a brief overview of the status quo of both, the banking market and the corporate structure in Germany. Afterwards we sketch possible impacts of the Capital Markets and Banking Union on the German banking sector and the entire process of European Integration. Finally, we derive possible alternatives and recommend rather sticking to the roots of European ideas.

Suggested Citation

  • Gischer Horst & Ilchmann Christian & Kesseler Bruno, 2018. "Fallstricke der Europäischen Integration: Banken- und Kapitalmarktunion aus deutscher Perspektive," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 69(1), pages 153-174, July.
    • Handle: RePEc:bpj:ordojb:v:69:y:2018:i:1:p:153-174:n:10
    DOI: 10.1515/ordo-2019-0011
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    References listed on IDEAS

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    More about this item

    Keywords

    Capital Markets Union; Banking Union; German Banking Sector; European Integration; SME; Kapitalmarktunion; Bankenunion; Europäische Integration; KMU; Deutscher Bankensektor; Capital Markets Union; Banking Union; German Banking Sector; European Integration; SME;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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