The establishment of a Capital Markets Union (CMU) is a high-priority project of the European Commission. CMU should foster additional non-bank sources of finance, mobilize private savings more efficiently and enhance capital market integration. Although more integration is needed, the...

Nachdem die europäische Bankenunion 2014 beschlossen wurde, hat Kommissionspräsident Jean-Claude Juncker nun ein neues Projekt vorgeschlagen, das die Finanzmarktintegration in Europa weiter vorantreiben soll: die Kapitalmarktunion. Während sich die Bankenunion auf die Schaffung eines...

In response to the severe disruption of the financial system, the agenda defined by the Group of Twenty (G20), in 2008, has led to a new regulatory framework. These ongoing reforms outline a new organization, which could be called the Global and Integrated Prudential Model. Such a model is based...

Financial integration challenges in ASEAN beyond 2015 can be grouped into two broad classes. The first classes of challenges are the regulatory and infrastructure challenges of financial market integration itself. The second pertains to monetary and fiscal policy regimes and how they are...

Conventional wisdom suggests that the European debt crisis, which has thus far led to severe adjustment programs crafted by the European Union and the International Monetary Fund in both Greece and Ireland, was caused by fiscal profligacy on the part of peripheral, or noncore, countries in...

This paper approaches the tematics of municipal property as a form of public property. The judicial, functional elements are reviewed, along with the financial aspescts regarding municipal property and the nature of judicial relationships between municipality and property. The study concludes...