Financing the Real Economy in the Capital Markets Union Era - Recommendations for Policy Action
by Finanzplatz München Initiative
Report commissioned by the Munich Financial Center Initiative (FPMI)
This report deals with the significance of the Capital Markets Union (CMU) for corporate finance. It begins by evaluating the status quo with regard to capital market-oriented and bank-based corporate finance in Germany. The subject matter and background of the CMU are then illuminated and the CMU is subjected to a qualitative analysis. The last section of the assessment features recommendations for action derived from the analysis.