The EMU Rationale for Capital Markets Union
(Series Information) European Papers - A Journal on Law and Integration, 2021 6(3), 1505-1521 | Article | (Table of Contents) I. Introduction. - II. Objectives in documents. - III. Legislative momentum. - IV. Legislative process and content. - V. Conclusion. | (Abstract) Capital Markets Union (CMU)...
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| Format: | Article |
| Language: | English |
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European Papers (www.europeanpapers.eu)
2022-02-01
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| Series: | European Papers |
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| Online Access: | https://www.europeanpapers.eu/en/e-journal/emu-rationale-for-capital-markets-union |
| _version_ | 1818982275846504448 |
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| author | Teemu Juutilainen |
| author_facet | Teemu Juutilainen |
| author_sort | Teemu Juutilainen |
| collection | DOAJ |
| description | (Series Information) European Papers - A Journal on Law and Integration, 2021 6(3), 1505-1521 | Article | (Table of Contents) I. Introduction. - II. Objectives in documents. - III. Legislative momentum. - IV. Legislative process and content. - V. Conclusion. | (Abstract) Capital Markets Union (CMU) is a plan towards a single market for capital in the EU. While the plan is not limited to the euro area, some of its stated objectives are aimed at supporting EMU, especially by financial stability through private risk-sharing. The present Article seeks to specify and clarify these EMU objectives. It points out their expressions in official documents, discusses their role in creating legislative momentum for CMU and its individual initiatives, and observes them in the legislative process and content of selected initiatives. The research results include an explanation of the significance of EMU objectives as arguments in debates and decision-making concerning CMU as well as an assessment of their justificatory force. |
| first_indexed | 2024-12-20T17:44:38Z |
| format | Article |
| id | doaj.art-5b3e8925ad7b4ebb8a340ebf1c954094 |
| institution | Directory Open Access Journal |
| issn | 2499-8249 |
| language | English |
| last_indexed | 2024-12-20T17:44:38Z |
| publishDate | 2022-02-01 |
| publisher | European Papers (www.europeanpapers.eu) |
| record_format | Article |
| series | European Papers |
| spelling | doaj.art-5b3e8925ad7b4ebb8a340ebf1c9540942022-12-21T19:31:00ZengEuropean Papers (www.europeanpapers.eu)European Papers2499-82492022-02-012021 631505152110.15166/2499-8249/536The EMU Rationale for Capital Markets UnionTeemu Juutilainen0University of Turku(Series Information) European Papers - A Journal on Law and Integration, 2021 6(3), 1505-1521 | Article | (Table of Contents) I. Introduction. - II. Objectives in documents. - III. Legislative momentum. - IV. Legislative process and content. - V. Conclusion. | (Abstract) Capital Markets Union (CMU) is a plan towards a single market for capital in the EU. While the plan is not limited to the euro area, some of its stated objectives are aimed at supporting EMU, especially by financial stability through private risk-sharing. The present Article seeks to specify and clarify these EMU objectives. It points out their expressions in official documents, discusses their role in creating legislative momentum for CMU and its individual initiatives, and observes them in the legislative process and content of selected initiatives. The research results include an explanation of the significance of EMU objectives as arguments in debates and decision-making concerning CMU as well as an assessment of their justificatory force.https://www.europeanpapers.eu/en/e-journal/emu-rationale-for-capital-markets-unioncapital markets unioneconomic and monetary unioninternal marketfinancial marketsfinancial stabilityprivate risk-sharing |
| spellingShingle | Teemu Juutilainen The EMU Rationale for Capital Markets Union European Papers capital markets union economic and monetary union internal market financial markets financial stability private risk-sharing |
| title | The EMU Rationale for Capital Markets Union |
| title_full | The EMU Rationale for Capital Markets Union |
| title_fullStr | The EMU Rationale for Capital Markets Union |
| title_full_unstemmed | The EMU Rationale for Capital Markets Union |
| title_short | The EMU Rationale for Capital Markets Union |
| title_sort | emu rationale for capital markets union |
| topic | capital markets union economic and monetary union internal market financial markets financial stability private risk-sharing |
| url | https://www.europeanpapers.eu/en/e-journal/emu-rationale-for-capital-markets-union |
| work_keys_str_mv | AT teemujuutilainen theemurationaleforcapitalmarketsunion AT teemujuutilainen emurationaleforcapitalmarketsunion |