Nije dostupno na hrvatskom jeziku.
Andrei Dumitrescu
- 7 May 2026
- FINANCIAL INTEGRATION AND STRUCTURE BOXFinancial Integration and Structure in the Euro Area 2026Details
- Abstract
- This box provides empirical evidence regarding a set of interrelated structural blockages that hinder European capital markets from supporting innovation and long-term growth. EU households save a significant share of their income yet disproportionately allocate assets to bank deposits or foreign equities, particularly in the United States, thus limiting domestic investment in high-tech sectors. Fragmentation in EU capital markets, driven by regulatory, tax and infrastructure disparities, exacerbates these issues. The efficient implementation of the policy measures proposed as part of the SIU strategy should advance the development and integration of capital markets.
- JEL Code
- E21, E22, F36, G11, G51 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Consumption, Saving, Wealth