Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/179244
Authors: 
Kliatskova, Tatsiana
Year of Publication: 
2018
Series/Report no.: 
DIW Roundup: Politik im Fokus 122
Abstract: 
The Capital Markets Union (CMU) - an initiative of the European Commission - aims to unify and deepen capital markets across EU Member States by removing existing barriers to cross-border investment and, in particular, harmonizing financial and business regulations. However, harmonizing institutional frameworks across the EU Member States that historically have different legal traditions is difficult and requires time. This article summarizes important steps to harmonizing business and financial laws in the EU and discusses empirical and theoretical literature on the role of legal harmonization in deepening and better integrating financial markets.
Document Type: 
Research Report
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