We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends …, non-euro countries participating in the banking union will not be on equal footing with euro area members. Analysis …-capitalized backstops is established it may be optimal for a non-euro country to join the banking union upon the euro adoption. Assessing …

political issues: an accesible guide.This history and analysis of the euro and the European Central Bank traces the process of … making of European monetary unification since 1979, offers an accessible guide to the euro and the European Central Bank for … policy, monetary policy, the euro as unifier in the financial system, the payment system, the euro as an international actor …