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Pré-Publication, Document De Travail Année : 2014

Banking Union: Time Is Not On Our Side

Adrien Béranger
  • Fonction : Auteur
Jézabel Couppey Soubeyran
  • Fonction : Auteur
  • PersonId : 845376
  • IdRef : 10073622X
Laurence Scialom
  • Fonction : Auteur
  • PersonId : 1016640

Résumé

This paper reviews the various mechanisms and rules that has been proposed to build a banking union in Europe. We argue that the banking union is a promising solution to the Eurozone crisis because it completes the unification of the Euro currency, forms a solution to both the financial and monetary fragmentation of the Euro area financial markets and helps breaking the vicious circle created by domestic banking system impairments and the sovereign debt crisis. We underline not only the shortcomings and hurdles to reach a fully-fledged banking union, and the hazards created by the inconsistencies between their phasing-in in the sequential schedule decided by states. To reduce the loopholes induced by the sequential approach, we propose to implement a rule of shared-bailout during the transition period that consist in a loss-sharing rule among countries hosting an entity of a bank group and indicted in the living wills of the systemic banking companies
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Dates et versions

hal-04141319 , version 1 (26-06-2023)

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  • HAL Id : hal-04141319 , version 1

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Adrien Béranger, Jézabel Couppey Soubeyran, Laurence Scialom. Banking Union: Time Is Not On Our Side. 2014. ⟨hal-04141319⟩
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