Bofinger, Peter (contributor); Buch, Claudia M. (contributor) - Sachverständigenrat zur Begutachtung der … - 2012
intertwined. Proposals for a banking union aim at correcting these deficits. In principle, a banking union is a necessary … complement to other elements of the internal market. In an integrated capital market, banking distress in one country can have … countries are affected through a common monetary policy. The banking union currently being discussed has three elements …