Capital Markets Union and Beyond av Franklin Allen, Ester (Chair in Monetary and Fiscal Policy Goethe Universitat Frankfurt) Faia, Michael (Chair of M

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<b>Experts from economics, finance, law, policy, and banking discuss the design and implementation of a future capital market union in Europe.</b><p>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.</p><p>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;