Banking Union: integrating components and complementary measures

Jorge Sicilia, Santiago Fernandez de Lis and Ana Rubio

No 1328, Working Papers from BBVA Bank, Economic Research Department

Abstract: The crisis has led to increased financial fragmentation and revealed the link between sovereign and national banking risks, whose persistence over time would be incompatible with the euro. The solution to these problems must be the banking union, which should be constructed at the same time as the current crisis is being resolved. The process will be eventually complemented by the creation of cross-border banks. The process of the banking union does not have an optimal design, it will be long and will generate tensions during the transition period, but it is politically feasible. In the end, we will have a Europe that is much more integrated from the monetary, banking, fiscal and political points of view.

Keywords: bankning union; Europe; supervision; fragmentation (search for similar items in EconPapers)
JEL-codes: F33 F34 F36 G18 G21 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2013-08
New Economics Papers: this item is included in nep-ban, nep-cba, nep-eec and nep-mon
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:1328

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