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From free people to a unified Thai kingdom in the mid-14th century (Siam until 1939), and from that to Asian Tiger (or Dragon). Although Thailand saw Japanese's brief invasion in 1941, it has never been colonized by a European power. Nevertheless, Thailand has witnessed repeated political...
Persistent link: https://www.econbiz.de/10012870897
The agreement to establish a Single Supervisory Mechanism in Europe is a major step towards a Banking Union, consisting of centralized powers for the supervision of banks, the restructuring and resolution of distressed banks, and a common deposit insurance system. In this paper, we argue that...
Persistent link: https://www.econbiz.de/10010195391
The agreement to establish a Single Supervisory Mechanism in Europe is a major step towards a Banking Union, consisting of centralized powers for the supervision of banks, the restructuring and resolution of distressed banks, and a common deposit insurance system. In this paper, we argue that...
Persistent link: https://www.econbiz.de/10009783752
Euro area. The absence of effective banking supervision and resolution powers at the European level promoted excessive … private risk-taking in the up-run to the Euro crisis. Effective private risk sharing once risks materialized has been hampered … located in non-Euro area countries. Also, conflicts of interest between monetary policy and banking supervision need to be …
Persistent link: https://www.econbiz.de/10010399340
background, this paper assesses stablecoins' implications for the euro area based on three scenarios for the uptake of …
Persistent link: https://www.econbiz.de/10012822669
to select the credit institutions supervised by the ECB, the decision-making procedure in the ECB and the position of non-euro … Eurozone, seems assured by its hierarchical structure and by the scope of the ECB's mandate and also affirms that the standard …
Persistent link: https://www.econbiz.de/10013026128
background, this paper assesses stablecoins’ implications for the euro area based on three scenarios for the uptake of …
Persistent link: https://www.econbiz.de/10012288134
Due to the international dimension of the financial sector within the EU and beyond, domestically oriented macroprudential policies have the potential to create material cross-border spillover effects. This occasional paper provides a detailed overview of the academic and empirical literature on...
Persistent link: https://www.econbiz.de/10012254361
euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …
Persistent link: https://www.econbiz.de/10012132851
the (2007-2009) Global Financial Crisis (GFC), the subsequent fiscal crisis in the euro area and the most recent pandemic …
Persistent link: https://www.econbiz.de/10014077291