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MIT Press
10 December 2019
Series: The MIT Press
Experts from economics, finance, law, policy, and banking discuss the design and implementation of a future capital market union in Europe.

The plan for further development of Europe's economic and monetary union foresees the creation of a capital market union (CMU)-a single market for capital in the entire Eurozone. The need for citizens and firms of all European countries to have access to funding, together with the pressure to improve the efficiency and risk-sharing opportunities of the financial system in general, put the CMU among the top priorities on the Eurozone's agenda. In this volume, leading academics in economics, finance, and law, along with policy makers and practitioners, discuss the design and implementation of a future CMU. Contributors describe the key design challenges of the CMU; specific opportunities and obstacles for reaching the CMU's goals of increasing the economic well-being of households and the profitability and viability of firms; the role that markets-from the latest fintech developments to traditional equity markets-can play in the future success of CMU; and the institutional framework needed for CMU in the aftermath of the global recession. Contributors Sumit Agarwal, Franklin Allen, Valentina Allotti, Gene Amromin, John Armour, Geert Bekaert, Itzhak Ben-David, Marcello Bianchi, Lorenzo Bini-Smaghi, Claudio Borio, Franziska Bremus, Marina Brogi, Claudia M. Buch, Giacomo Calzolari, Souphala Chomsisengphet, Luca Enriques, Douglas D. Evanoff, Ester Faia, Eilis Ferran, Jeffrey N. Gordon, Michael Haliassos, Campbell R. Harvey, Kathryn Judge, Suzanne Kalss, Valentina Lagasio, Katya Langenbucher, Christian T. Lundblad, Massimo Marchesi, Alexander Michaelides, Stefano Micossi, Emanuel Moench, Mario Nava, Giorgio Barba Navaretti, Giovanna Nicodano, Gianmarco Ottaviano, Marco Pagano, Monica Paiella, Lubos Pastor, Alain Pietrancosta, Richard Portes, Alberto Franco Pozzolo, Stephan Siegel, Wolfe-Georg Ringe, Diego Valiante
By:   Franklin Allen, Ester Faia (Chair in Monetary and Fiscal Policy, Goethe Universitat Frankfurt), Michael Haliassos (Chair of Macroeconomics & Finance, Goethe University Frankfurt), Katja Langenbucher (Goethe Universitat Frankfurt)
Imprint:   MIT Press
Country of Publication:   United States
Dimensions:   Height: 229mm,  Width: 152mm,  Spine: 24mm
ISBN:   9780262042765
ISBN 10:   0262042762
Series:   The MIT Press
Pages:   392
Publication Date:   10 December 2019
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active

Franklin Allen is Professor of Finance and Economics and Director of the Brevan Howard Centre at Imperial College, London. Ester Faia holds the Chair of Monetary and Fiscal Policy at Goethe University Frankfurt. Michael Haliassos holds the Chair of Macroeconomics and Finance at Goethe University and is the editor of Financial Innovation- Too Much or Too Little? (MIT Press). Katja Langenbucher holds the Chair of Private Law, Corporate and Financial Law at Goethe University and is Affiliated Professor at l'Ecole de Droit de SciencesPo, Paris.

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