The Political Economy of European Capital Markets Union
初步研究了欧洲资本市场联盟（CMU）的构建过程，解释了其经济和政治目标、主要驱动因素和障碍，并分析了不同金融集团和成员国政府作为赢家或输家的立场如何影响CMU的形态。
This contribution undertakes a preliminary investigation of the ‘making’ of the CMU project, explaining what CMU is, its economic and political objectives, as well as its main drivers and obstacles. It is argued that the likely winners and losers of the project – both financial groups and specific Member State governments – largely formed the constituencies forand against CMU. The organization of national financial (and specifically banking) systems largely directed Member State government preferences on CMU. The potential winners were also influential in promoting a specific form of CMU, or at least specific priorities in the construction of CMU