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Finance-Led Capitalism and Neoliberal Financial Market Integration in Europe

  • Dieter PesendorferEmail author
Chapter

Abstract

The chapter starts with an introduction to the history of European financial integration and disintegration. It continues with an overview of financialization in Europe before discussing the rise of finance-driven capitalism in Europe, linking the relative success in financial integration with the critique of neoliberal globalization and finance capitalism in Europe. The chapter then explores the European experience with financial fragmentation and disintegration and discusses the ongoing reforms of the Economic and Monetary Union. The chapter concludes with a discussion of the challenges for deeper integration and a more resilient and sustainable finance.

Keywords

European financial markets integration Economic and Monetary Union Financial regulation Financial markets fragmentation 

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  1. 1.School of LawQueen’s University BelfastBelfastUK

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