Financial Markets (Dis)Integration in a Post-Brexit EU

1. Front Matter

   Pages i-v

   PDF

2. Introduction

   • Dieter Pesendorfer

   Pages 1-33

3. Financial (De)Globalization and Financial Market (Dis)Integration

   • Dieter Pesendorfer

   Pages 35-128

4. Finance-Led Capitalism and Neoliberal Financial Market Integration in Europe

   • Dieter Pesendorfer

   Pages 129-191

5. Brexit and Financial (Dis)Integration: Between Cakeism, Project Fear, and Reality

   • Dieter Pesendorfer

   Pages 193-252

6. Finishing Capital Markets Union

   • Dieter Pesendorfer

   Pages 253-313

7. Finishing the Banking Union

   • Dieter Pesendorfer

   Pages 315-361

8. Conclusion: The Future of Financial Markets (Dis)Integration

   • Dieter Pesendorfer

   Pages 363-373

9. Back Matter

   Pages 375-377

   PDF

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.

• European disintegration
• European financial markets integration
• Post-Brexit EU
• financial systems
• financial globalization
• financial integration theory
• financial instability
• Bretton Woods
• finance-led capitalism
• financial regulation
• neoliberalism
• inclusive capitalism
• Economic and Monetary Union
• financial markets fragmentation
• Brexit
• Brexit and finance
• European financial centers
• City of London and Brexit
• Capital Markets Union
• markets-based finance
• european union politics

• School of Law, Queen’s University Belfast, Belfast, UK

  Dieter Pesendorfer

Dieter Pesendorfer is Senior Lecturer in Regulation in the School of Law, Queen’s University Belfast, UK. His research focus is on financial regulation.

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