1.

Record Nr.

UNINA9910798089103321

Autore

Gros Daniel

Titolo

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

Pubbl/distr/stampa

Brussels : , : Centre for European Policy Studies (CEPS), , [2015]

©2015

ISBN

1-78348-596-5

Descrizione fisica

1 online resource (93 p.)

Disciplina

332.1/10973

Soggetti

Banks and banking - United States - History - 21st century

Banks and banking - Europe - History - 21st century

United States Economic conditions 21st century

Europe Economic conditions 21st century

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Banking Union as a Shock Absorber; TABLE OF CONTENTS; List of Abbreviations                            ; Preface              ; 1. Introduction and motivation                                     ; 2. The macroeconomic stabilisation properties of a  banking union: Some case studies                                                                                           ; 2.1 Regional concentration of real estate cycles within  a monetary union                                                                                ; 2.2 Ireland vs Nevada

2.3 Florida: Another example of the US banking union  in action                                                                      2.4 Nevada vs Latvia                           ; 3. Foreign-owned banks: A banking union substitute?  The EU experience                                                                             ; 4. Who pays for the shock absorbers                                          ; 4.1 FDIC               ; 4.2 Securitisation via US federal housing-market  institutions

4.3 Other (private label) securitisation                                               4.4 Who pays in the end? The incidence of taxes in a competitive industry; 5. What to expect from the European banking union                                                        ; 6. Open issues for banking union                                       ; 6.1 Can the SRF survive without a fiscal backstop?; 6.2 How to discourage risk-taking via the contributions  to the SRF


6.3 Separating resolution and deposit insurance:  Principles of a two-tier European deposit  (re)insurance system                                                                                                                        6.4 Basic principles of reinsurance                                          ; 6.4.1 Compulsory reinsurance with a deductible                                                     ; 6.4.2 Premiums and management                                    ; 6.4.3 Transition

7. General considerations: Fiscal union and financial shock  absorber                                                                            8. Concluding remarks                            ; References                 ; Index

Sommario/riassunto

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.