The European Banking Union and the Economic and Monetary Union: The Puzzle Is Yet to Be Completed

Nuno Cunha Rodrigues () and José Renato Gonçalves ()
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Nuno Cunha Rodrigues: University of Lisbon School of Law
José Renato Gonçalves: University of Lisbon School of Law

A chapter in The Euro and the Crisis, 2017, pp 271-288 from Springer

Abstract: Abstract Given the various shortcomings of the current European monetary unification project, especially as shown by the international financial crisis which began in 2007–2008, various measures for its respective solution were successively proposed and implemented, including the establishment of a European banking union, which seemed not only necessary and urgent but also inadequate and unsatisfactory, in order to make the European Economic and Monetary Union solid and safe. Given all these reasons, “the puzzle is yet to be completed.”

Keywords: Optimum currency areas; Economic and monetary integration; Economic and Monetary Union (EMU); European monetary union; International monetary arrangements (search for similar items in EconPapers)
JEL-codes: E42 F15 F33 F41 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-45710-9_16

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DOI: 10.1007/978-3-319-45710-9_16

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