CAPITAL MARKETS UNION AND BREXIT – FUTURE CHALLENGES AND ACTIONS

CRAIU Maria-Anca, 1Romanian Academy, National Institute for Economic Research "Costin C. Kiritescu", Romania

Abstract:
As the single market was created for free movement of goods and services, the main objective to create the Capital Markets Union was to reduce the reliance on banking sector and to have alternative sources of funding. The paper tries to emphasize some of the challenges that still exist even after 5 years since its launch and to put some question marks for reflection on the future of the CMU in view of the scale and nature of the present challenges facing the European Union like the departure of United Kingdom from the European Union.

Keywords: capital markets, CMU, financial integration, proportionality, Brexit

JEL Classification: G15, F15, F36, D53

Volume: 71, Issue: 1

Pages: 18 - 26

Publication date: March, 2019

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/71102craiu.pdf

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