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Capital Markets Union

2018
Abstract The Capital Markets Union (CMU) aims to strengthen capital markets and investments in the EU. The rationale behind such a union is that it is necessary to provide businesses, particularly start-up companies, with a greater choice of funding at lower cost.
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Information and Capital Markets

The Journal of Business, 1971
Fama, Eugene F, Laffer, Arthur B
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The Capital Market

1982
Every business needs capital. Before setting up a business there must be a pool of money to buy the physical things which will be required and to pay the bills until the business is earning income. If a business wishes to expand at a later date, it will require more money.
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The big bang: Stock market capitalization in the long run

Journal of Financial Economics, 2022
Dmitry Kuvshinov, Kaspar Zimmermann
exaly  

The Commons with Capital Markets

We explore a dynamic commons problem and assess the welfare consequences of access to capital markets. The commons has a high intrinsic rate of return but its fruits cannot be secured by individual agents. Capital market access allows resources to be held securely and intertemporally transferred, but at a lower rate of return. In a two period model, we
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The Capital Market [PDF]

open access: possible, 1991
This paper offers an account of the occupational choice among wage work, self-employment and entrepreneurship which contrasts with the "Knightian" one based on risk attitudes. As shown by example, the latter can lead to perverse results. We propose a model in which imperfect capital markets arising from costly output verification cause the cost of ...
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