Learning on the Road towards the Banking Union
Franco Bruni ()
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Franco Bruni: “Luigi Bocconi” University-Department of Economics, Milan
Rivista di Politica Economica, 2014, issue 2, 89-128
The European Banking Union entered the EU’s agenda in the summer of 2012. The design of the project has been proceeding quickly. This paper is a summary of the issues which have been better understood while walking towards the union. It discusses the implications for central bank independence and governance as well as for non-euro area countries. Besides fighting the euro area fragmentation, the union appears to be an indispensable complement of the single currency for the single market, also triggering the best practices in regulation, supervision and crisis management and favoring the structural banking policies and reforms that Europe needs.
Keywords: European banking union; euro area; central banking; supervision; resolution. (search for similar items in EconPapers)
JEL-codes: F36 G21 G28 E58 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:y:2014:i:2:p:89-128
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