Professor Pierre Schammo pierre.schammo@durham.ac.uk
Professor
Capital Markets Union and Small and Medium-sized Enterprises (SMEs): a Preliminary Assessment
Schammo, P.
Authors
Contributors
F. Allen
Editor
E. Carletti
Editor
J. Gray
Editor
Abstract
The Capital Markets Union is the European Commission’s latest policy initiative in the capital markets field. It is a project in the making. Much of it remains to be spelled out and fleshed out. However, the first elements of a future CMU are slowly beginning to emerge. The aim of this paper is to discuss these elements and to offer a first assessment. In particular, this paper aims to discuss the relationship between the CMU and one of its key objectives which has proved elusive in the past: that is, of facilitating access to finance for SMEs. In this process, the paper offers a number of suggestions on how to make progress on this crucial issue. Among other things, it advocates a form of supply side driven matchmaking as a means to improve information issues affecting SMEs in the SME funding market.
Citation
Schammo, P. (2015). Capital Markets Union and Small and Medium-sized Enterprises (SMEs): a Preliminary Assessment. In F. Allen, E. Carletti, & J. Gray (Eds.), The new financial architecture in the Eurozone (137-176). European University Institute. https://doi.org/10.2139/ssrn.2605549
Acceptance Date | May 29, 2015 |
---|---|
Publication Date | Jun 1, 2015 |
Deposit Date | May 29, 2015 |
Publicly Available Date | Aug 11, 2021 |
Publisher | European University Institute |
Pages | 137-176 |
Book Title | The new financial architecture in the Eurozone. |
ISBN | 9789290842972 |
DOI | https://doi.org/10.2139/ssrn.2605549 |
Publisher URL | http://www.eui.eu/Projects/PierreWernerChair/Events/Eurozone2015.aspx |
Related Public URLs | https://doi.org/10.2139/ssrn.2605549 |
Additional Information | Conference date: Thursday, April 23, 2015; Organised by The European University Institute (EUI) and the Brevan Howard Centre at Imperial College. |
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