A Banking Union for the Euro Area

Rishi Goyal, Petya Brooks, Mahmood Pradhan, Thierry Tressel, Giovanni Dell'ariccia and Ceyla Pazarbasioglu

No 2013/001, IMF Staff Discussion Notes from International Monetary Fund

Abstract: The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.

Keywords: SDN; central bank; banking union; resolution authority; monetary policy; financial market; insurance fund; Single Supervisory Mechanism; Direct Resolution; Deposit Insurance; Common Backstops; ECB funding; bank recapitalization; Bank resolution framework; Bank resolution; Systemic risk; Lender of last resort; Europe (search for similar items in EconPapers)
Pages: 31
Date: 2013-02-12
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Citations: View citations in EconPapers (32)

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