1.

Record Nr.

UNINA9910370248503321

Autore

Pesendorfer Dieter

Titolo

Financial Markets (Dis)Integration in a Post-Brexit EU : Towards a More Resilient Financial System in Europe / / by Dieter Pesendorfer

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2020

ISBN

3-030-36052-0

Edizione

[1st ed. 2020.]

Descrizione fisica

1 online resource (377 pages)

Disciplina

332.0415094

Soggetti

Public policy

European Union

Great Britain—Politics and government

Political economy

International finance

Financial crises

Public Policy

European Union Politics

British Politics

International Political Economy

International Finance

Financial Crises

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

1 Introduction -- 2 Financial (De)Globalization and Financial Market (Dis)Integration -- 3. Finance-Led Capitalism and Neoliberal Financial Market Integration in Europe -- 4 Brexit and Financial (Dis)Integration: Between Cakeism, Project Fear, and Reality -- 5 Finishing Capital Markets Union -- 6 Finishing the Banking Union -- 7 Conclusion: The Future of Financial Markets (Dis)Integration.

Sommario/riassunto

The European Union is creating a Financial Union with a European Banking Union and a Capital Markets Union in reaction to lessons learned from incomplete financial markets integration, the Global Financial Crisis and European Sovereign Debt Crisis. This book critically



analyses these projects for a more integrated, resilient and sustainable financial system at a time when the United Kingdom as the member state with the most developed capital markets and the leading global and European financial center, the City of London, is leaving the Union. Neoliberal financial globalization and markets integration policies have led to finance-led capitalism that caused the crises. By building on pre-crises integration ideas, the Union revives and expands the reach of capital markets-based financing and shadow banking. The book discusses the consequences of deeper integration and the future of European financial centers advocating an alternative financial markets integration based on theories explaining finacialization and finance-led capitalism. Dieter Pesendorfer is Senior Lecturer in Regulation in the School of Law, Queen’s University Belfast, UK. His research focus is on financial regulation.