Banking Union as a Shock Absorber - Lessons for the Eurozone from the US

This study investigates the shock-absorbing properties of a banking union. It makes a detailed comparison between the way in which banking unions have absorbed regional financial shock at the federal level in the USA, but have led to severe regional (national) financial dislocation and tensions in Europe, particularly within the Eurozone.

List of contents

Foreword / Introduction / 1. The Macroeconomic stabilization properties of a banking union: Case studies / 2. Foreign-owned banks: A banking union sustitute? The EU experience / 3. Who pays for the shock absorbers? / 4. Fiscal union and financial shock absorbers / Conclusion

About the author

Daniel Gros is Director of the Centre for European Policy Studies, Brussels.

Product details

• Authors: Ansgar Belke, Belke Ansgar, Daniel Gros
• Publisher: Rowman & Littlefield
• Languages: English
• Product format: Paperback / Softback
• Released: 14.12.2015
• EAN: 9781783485956
• ISBN: 978-1-78348-595-6
• Dimensions: 151 mm x 231 mm x 6 mm
• Weight: 172 g
• Subjects: Social sciences, law, business > Business > Miscellaneous; Economics, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Banks & Banking, Banking, BUSINESS & ECONOMICS / Economics / Comparative, Monetary Economics