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Publication details for Dr Pierre Schammo

Schammo, P. (2015). Capital Markets Union and Small and Medium-sized Enterprises (SMEs): a Preliminary Assessment. In The new financial architecture in the Eurozone. Allen, F., Carletti, E. & Gray, J. Florence: FIC Press. 137-176.

• Publication type: Chapter in book
• ISSN/ISBN: 9789290842972, 9789290842965
• Further publication details on publisher web site
• Durham Research Online (DRO) - may include full text

Author(s) from Durham

• Dr Pierre Schammo

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.

Notes

Conference date: Thursday, April 23, 2015; Organised by The European University Institute (EUI) and the Brevan Howard Centre at Imperial College.