TY  - UNPD
A1  - Brühl, Volker
A1  - Gründl, Helmut
A1  - Hackethal, Andreas
A1  - Kotz, Hans-Helmut
A1  - Krahnen, Jan Pieter
A1  - Tröger, Tobias
T1  - Comments on the EU Commission's Capital Markets Union Project
T2  - SAFE white paper series, 27
N2  - The European Commission has published a Green Paper outlining possible measures to create a single market for capital in Europe. Our comments on the Commission’s capital markets union project use the functional finance approach as a starting point. Policy decisions, according to the functional finance perspective, should be essentially neutral (agnostic) in terms of institutions (level playing field). Our main angle, from which we assess proposals for the capital markets union agenda, are information asymmetries and the agency problems (screening, monitoring) which arise as a result. Within this perspective, we make a number of more specific proposals.
T3  - SAFE white paper series - 27 
KW  - Capital Markets Union
KW  - functional finance approach
KW  - level playing field
KW  - financial services
Y1  - 2015
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/37267
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-372677
UR  - http://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/-80a5d4b5dc.html
EP  - 22
PB  - SAFE
CY  - Frankfurt am Main
ER  -