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