By the same token, tearing down the still existing barriers to a common services market and a common digital market in Europe holds the promise of doubling the gains achieved by integrating goods markets.7, 8  2  Badinger, H (2005), “Growth Effects of Economic Integration: Evidence from the EU Member States”, Review of World Economics 141, 50–78.
•  Fourth, the use of traditional approaches by many firms to assess their vulnerability to funding liquidity risk. These approaches may not take into account the growing reliance on active markets to manage the firm’s liquidity in an environment that is increasingly capital-markets driven.