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Uniunea Pietelor de capital - un proiect esential pentru Europa
[Capital Markets Union - a vital project for Europe]

Author

Listed:
  • Danila, Marius

Abstract

Within the optimisation effort associated with the European financial markets integration special attention is paid to two important initiatives: the Banking Union and the Capital Markets Union (CMU). Both projects are also important for Romania, considering the current status of the economy and financial market, as well as the country’s long and medium term priorities. Banking Union is targeting a full integration of the banking markets by employing a Single Supervisory Mechanism and Single Resolution Mechanism and a single deposit guarantee framework. In a similar manner, CMU is aiming at the creation of a single capital market across Europe in order to maximise the benefits associated with cross – border risk sharing and bring the highest possible level of compatibility when it comes to national legal frameworks. CMU is focused on identifying new and improved solutions for an efficient use of the available financial resources – making such resources available where they are needed, especially when it comes to infrastructure projects and SME financing.

Suggested Citation

  • Danila, Marius, 2016. "Uniunea Pietelor de capital - un proiect esential pentru Europa [Capital Markets Union - a vital project for Europe]," MPRA Paper 72633, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:72633
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    File URL: https://mpra.ub.uni-muenchen.de/72633/1/MPRA_paper_72633.pdf
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    More about this item

    Keywords

    Capital Markets Union; European stock exchanges; SME Financing; European Union; securitisation; Uniunea Pietelor de Capital; burse europene; finantarea IMM; Uniunea Europeana; securitizare; fluxuri de capital;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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