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Zur Kritik der Kapitalmarktunion
[A Critique of the Capital Markets Union]

Author

Listed:
  • Hubert Gabrisch

    (Wiesbaden Institute for Law and Economics)

Abstract

Zusammenfassung Vor der Finanzkrise hatte die Liberalisierung der Kapitalmärkte zur Aufhebung der traditionellen Trennung zwischen bank- und marktbasierter Finanzierung geführt. Dadurch sind hybride Kapitalmärkte entstanden, bei denen die Verflechtung zwischen den einzelnen Marktsegmenten und Instituten die Risikoteilung verbessert. Das Vorhaben der EU-Kommission einer vertieften Kapitalmarktunion soll diesen Zusammenhang verstärken. Der Autor befürchtet aber, dass es die Systemstabilität gefährdet. Zudem widerspricht es den bisherigen Bemühungen um eine bessere Kontrolle und Regulierung des Bankenmarktes.

Suggested Citation

  • Hubert Gabrisch, 2016. "Zur Kritik der Kapitalmarktunion [A Critique of the Capital Markets Union]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 96(12), pages 891-899, December.
  • Handle: RePEc:spr:wirtsc:v:96:y:2016:i:12:d:10.1007_s10273-016-2067-0
    DOI: 10.1007/s10273-016-2067-0
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    Citations

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    Cited by:

    1. Hubert Gabrisch, 2021. "Die prekäre alte Normalität der EU und die Notwendigkeit zur Reform [The EU’s Precarious Old Normal and the Need for Reform]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(10), pages 814-820, October.
    2. Gischer Horst & Ilchmann Christian & Kesseler Bruno, 2018. "Fallstricke der Europäischen Integration: Banken- und Kapitalmarktunion aus deutscher Perspektive," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 69(1), pages 153-174, July.
    3. Menk Michael Torben & Neitzert Florian, 2018. "Europäische Kapitalmarktunion: Handlungsaufforderung für Genossenschaftsbanken," Zeitschrift für das gesamte Genossenschaftswesen, De Gruyter, vol. 68(1), pages 48-55, March.

    More about this item

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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