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  • © 2020

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

Towards a More Resilient Financial System in Europe

Palgrave Macmillan
  • Examines from a critical perspective European financial markets integration and disintegration as processes that have led to an inherently instable finance-dominated capitalism

  • Criticizes the EU’s unfinished Financial Union, Capital Markets Union and Banking Union projects as continuation of finance-dominated capitalism

  • Critically analyses the future of European financial centers post-Brexit

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eBook USD 84.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-36052-8
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 109.99
Price excludes VAT (USA)
Hardcover Book USD 109.99
Price excludes VAT (USA)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-v
  2. Introduction

    • Dieter Pesendorfer
    Pages 1-33
  3. Finishing Capital Markets Union

    • Dieter Pesendorfer
    Pages 253-313
  4. Finishing the Banking Union

    • Dieter Pesendorfer
    Pages 315-361
  5. Back Matter

    Pages 375-377

About this book

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.

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

Keywords

  • 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

Authors and Affiliations

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

    Dieter Pesendorfer

About the author

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

Bibliographic Information

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-36052-8
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 109.99
Price excludes VAT (USA)
Hardcover Book USD 109.99
Price excludes VAT (USA)