Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/196838
Year of Publication: 
2019
Series/Report no.: 
DIW Roundup: Politik im Fokus No. 129
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
In the run-up to the European elections in May 2019, the European Commission is trying to advance the initiatives laid out in its action plan for a European Capital Markets Union (CMU). In order to diversify financing sources and to increase private risk sharing, the CMU aims at deepening the integration of European equity and debt markets. While there are benefits associated with more cross-border investments, the intensification of connectedness between financial market participants in the Eurozone and beyond can also engender systemic risks. This article reviews the debate about the link between capital market integration and financial stability from the perspective of interconnectedness.
Document Type: 
Research Report

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