04357nam 2200589 450 991081939400332120230807205620.01-78348-596-5(CKB)3710000000539191(EBL)4206131(SSID)ssj0001691050(PQKBManifestationID)16540129(PQKBTitleCode)TC0001691050(PQKBWorkID)15048688(PQKB)25079745(MiAaPQ)EBC4206131(EXLCZ)99371000000053919120160123h20152015 uy| 0engur|n|---|||||txtccrBanking union as a shock absorber lessons for the eurozone from the US /Daniel Gros and Ansgar BelkeBrussels :Centre for European Policy Studies (CEPS),[2015]©20151 online resource (93 p.)Description based upon print version of record.1-78348-594-9 Includes bibliographical references and index.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 Nevada2.3 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 institutions4.3 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 SRF6.3 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 Transition7. General considerations: Fiscal union and financial shock absorber 8. Concluding remarks ; References ; IndexThis 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.Banks and bankingUnited StatesHistory21st centuryBanks and bankingEuropeHistory21st centuryUnited StatesEconomic conditions21st centuryEuropeEconomic conditions21st centuryBanks and bankingHistoryBanks and bankingHistory332.1/10973Gros Daniel125725Belke AnsgarMiAaPQMiAaPQMiAaPQBOOK9910819394003321Banking union as a shock absorber4049595UNINA