Bibliograph

Banking union as a shock absorber, lessons for the eurozone from the US, Daniel Gros and Ansgar Belke

Type

Label

Banking union as a shock absorber, lessons for the eurozone from the US, Daniel Gros and Ansgar Belke

Language

eng

Bibliography note

Includes bibliographical references (pages 73-78) and index

Illustrations

illustrations

Index

index present

Literary Form

non fiction

Main title

Banking union as a shock absorber

Nature of contents

bibliography

Oclc number

936380849

Responsibility statement

Daniel Gros and Ansgar Belke

Sub title

lessons for the eurozone from the US

Summary

This book illustrates how the structure of the US banking market and the existence of federal institutions allowed regional financial shocks to be absorbed at the federal level in the US, thus avoiding local financial crisis. The authors argue that the experience of the US shows the importance of a 'banking union' to avoid severe regional (national) financial dislocation in the wake of regional boom and bust cycles. They also discuss the extent to which the institutions of the partial banking union, now in the process of being created for the euro area, should be able to increase its capacity to deal with future regional boom and bust cycles, thereby stabilising the single currency.--, Provided by Publisher

Contributor