Banking Union for Europe - Risks and Challenges

Thorsten Beck 16 October 2012

While a banking union for Europe has been discussed by economists since even before the 2007 crisis, the issue has now moved up to the top of the Eurozone agenda. But what kind of banking union? For whom? Financed how? And managed by whom? This new Vox eBook comprises 15 papers on the topic by leading economists from both sides of the Atlantic.

PDF Download

a

A

Contents

Foreword

Banking union for Europe – risks and challenges
Thorsten Beck

Banking union as a crisis-management tool
Charles Wyplosz

Legacy problems in transition to a banking union
Claudia M. Buch and Benjamin Weigert

Why the rush? Short-term crisis resolution and long-term bank stability
Thorsten Beck

Banking union in Europe and other reforms
Viral V Acharya

The Single European Market in Banking in decline – ECB to the rescue?
Daniel Gros

Two types of capital flight: Will a common deposit insurance help to stabilise the TARGET2 imbalances?
Frank Westermann

Banking union: The view from emerging Europe
Jeromin Zettelmeyer, Erik Berglöf and Ralph de Haas

Five lessons from the Spanish cajas debacle for a new euro wide supervisor
Luis Garicano

A first step towards a banking union
Vasso Ioannidou

Banking union: Where we’re going wrong
Dirk Schoenmaker

Funding arrangements and burden sharing in banking resolution
Charles Goodhart

The financial implications of a banking union
Franklin Allen, Elena Carletti and Andrew Gimber

How to design a banking union that limits systemic risk in the Eurozone
Wolf Wagner

US Banking over two centuries: Lessons for the Eurozone crisis
Joshua Aizenman

The political economy of (eventual) banking union
Geoffrey R D Underhill

Thorsten Beck

Professor of Financial Stability and Director, Florence School of Banking and Finance, EUI; CEPR Research Fellow

Events

CEPR Policy Research