Capital market union  However, it is not just in terms of growth that greater integration of European capital markets is promising. It can also help to make monetary union as a whole more resilient. Another comparison with the USA shows that equity holdings there are dispersed much more widely throughout the entire country.
I also want to express my appreciation to the many researchers from universities and from other central banks, as well as the members of women's and minority committees of economics and finance associations from around the world, who are attending the conference in Frankfurt. I wish that I could have been there with you to participate in the discussions.