Title: EU CAPITAL MARKETS UNION AND IMPLICATIONS FOR THE SMALL MEMBER STATES – CASE OF CROATIA
Abstract: The purpose of this paper is to discuss the Capital Markets Union, newly proposed plan by the European Commission in February 2015 which aims to generate deeper and more connected European capital markets by unlocking non-banking funding for Europe’s businesses. More specifically, the paper examines potential effects for the small Member States on the case study of Croatia. Following short introduction, the paper provides an overview of policies and attempts to create the Single market for capital before the 2007 financial crisis. The third part outlines the objectives and surroundings of the Capital Markets Union plan, while the fourth part explores potential impacts of such plan for the small Member States on the case study of Croatia. Section five summarises the main conclusions.
Publication Year: 2015
Publication Date: 2015-01-01
Language: en
Type: article
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