Firmer foundations for a stronger European banking Union
Bruegel - Brussels
2015
1 v.
banking ; ECB ; economic recession ; EU policy ; governance ; public debt
Bruegel Working Paper
2015/13
Financing and monetary policy
English
Bibliogr.
"The idea of Banking Union has been instrumental in arresting the euro sovereign crisis. However the long-term rationale behind Banking Union is related to cross-border banking in the Single Market. This paper argues that to complete Banking Union the lender-of-last-resort and deposit insurance functions should move to the euro-area level, breaking the sovereign-bank loop."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.