The economic impact of European capital market integration
The economic impact of European capital market integration
Presentation of the paper
Rue de la Science 37, 1040 Brussels
About the Event
At a time when the deepening European capital market is high on the EU policy agenda, the paper examines how deeper financial integration could boost investment and growth in Europe. It shows that, by lowering the cost of capital and attracting investors more willing to fund innovative projects, greater integration could have sizeable macroeconomic effects, especially if the additional investment flows into Research and Development (R&D).
The presentation will be followed by a broader discussion with:
- Fabrizio Venditti, Deputy Head of Directorate, Economic Outlook and Monetary Policy, Banca d'Italia, and lead-author of the paper
- Andrea Beltramello, Head of Savings and Investments Union Coordination Unit, European Commission, DG FISMA
- Rebecca Christie, Senior Fellow at Bruegel Think-tank
Speakers
Fabrizio Venditti is Deputy Head of Directorate in the Economic Outlook and Monetary Policy area at Banca d'Italia. He is lead author of the paper "The economic impact of European capital market integration" published in the Bank of Italy's Questioni di Economia e Finanza series (QEF n. 957 - 2025).
His research focuses on macro-finance linkages, financial stability and monetary policy transmission. He holds a PhD in Economics from the University of Rome Tor Vergata.
Andrea Beltramello is Head of the Savings and Investments Union Coordination Unit in DG FISMA at the European Commission. He coordinates the implementation of the Savings and Investments Union (SIU) Action Plan, which aims to channel household savings towards productive investments and improve access to capital markets for SMEs.
Prior to this role, he worked on capital markets union initiatives and international financial policy. He holds an MSc in Economics from Bocconi University.
Rebecca Christie is Senior Fellow at Bruegel, Europe's leading think tank on economic policy. She specialises in European financial integration, capital markets union, and the Savings and Investments Union.
Formerly ECB Correspondent at Reuters, she has extensive experience covering monetary policy, financial regulation and EU economic governance. She holds an MA in Japanese Studies and Asian Pacific Economics from SOAS University of London.
Important – Please be advised that the room's physical constraints permit only a restricted number of participants so registration could be closed after the maximum capacity is reached.
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Staff