Deeper EU capital markets will improve risk sharing - BdF paper

The Banque de France

Deepening the cross-border integration of the European Union’s capital markets will increase the bloc’s ability to deal with financial risk, a working paper published by the Banque de France says.

In Risk sharing in Europe: new empirical evidence on the capital markets channel, Gilles Dufrénot, Jean-Baptiste Gossé and Caroline Clerc propose a new methodology to estimate the degree of financial risk-sharing in the EU.

The authors use data on a panel of European countries to compare the years

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