The European Banking Union: An Exercise in Abstraction

Dimitris N. Chorafas

Chapter 10 in Financial Cycles, 2015, pp 195-217 from Palgrave Macmillan

Abstract: Abstract The 2007–2008 economic and financial crisis exposed significant weaknesses in the European banking industry. The immediate reaction was the rush by sovereigns to refill the treasuries of self-wounded banks with taxpayer money. The concept of a banking union was mooted but did not get unanimous approval.

Keywords: Central Bank; Public Debt; Supervisory Board; Financial Cycle; European Monetary Union (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49798-7_10

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DOI: 10.1057/9781137497987_10

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