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Shadow banking and the design of macroprudential policy in a monetary union

Kirchner, Philipp; Schwanebeck, Benjamin - 2020

This paper studies the interaction of international shadow banking with monetary and macroprudential policy in a two-country currency union DSGE model. We find evidence that cross-country financial integration through the shadow banking system is a source of financial contagion in response to...

Persistent link: https://www.econbiz.de/10012224888

The ECB after the crisis : existing synergies among monetary policy, macroprudential policies and banking supervision

Cassola, Nuno; Kok Sørensen, Christoffer; Mongelli, … - 2019

The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...

Persistent link: https://www.econbiz.de/10012132851

Quo vadis, euroland? European Monetary Union between crisis and reform

Hellwig, Martin - 2011

This lecture discusses the 2010 crisis of the European Monetary Union and draws some lessons for reform. Crisis resolution has been difficult because the sovereign debt crisis of countries like Greece and Portugal has come together with real-estate and banking crises in countries like Ireland...

Persistent link: https://www.econbiz.de/10009153317

The single supervisory mechanism : panacea of quack banking regulation? ; Preliminary assessment of the evolving regime for the prudential supervision of banks with ECB involvement

Tröger, Tobias - 2013

This paper analyzes the evolving architecture for the prudential supervision of banks in the euro area. It is primarily concerned with the likely effectiveness of the SSM as a regime that intends to bolster financial stability in the steady state. By using insights from the political economy of...

Persistent link: https://www.econbiz.de/10010226707

The single supervisory mechanism : panacea of quack banking regulation? : Preliminary assessment of the evolving regime for the prudential supervision of banks with ECB involvement

Tröger, Tobias - 2014 - This version: September 10, 2014

This paper analyzes the new architecture for the prudential supervision of banks in the euro area. It is primarily concerned with the likely effectiveness of the SSM as a regime that intends to bolster financial stability in the steady state. By using insights from the political economy of...

Persistent link: https://www.econbiz.de/10011544328

The SSM at 1

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140

The single supervisory mechanism : panacea or quack banking regulation? ; preliminary assessment of the evolving regime for the prudential supervision of banks with ECB involvement

Tröger, Tobias - 2013

Persistent link: https://www.econbiz.de/10010400890

Lessons from the European financial crisis

Pagano, Marco - 2014

This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis. First, it highlights the key role that sovereign debt exposures of banks have played in the feedback loop between bank and fiscal distress, and inquires how the regulation of...

Persistent link: https://www.econbiz.de/10010424982

Banking Union and the governance of credit institutions : a legal perspective

Binder, Jens-Hinrich - 2015

The creation of the Banking Union is likely to come with substantial implications for the governance of Eurozone banks … models, corporate and group structures of banks across the Eurozone? …

Persistent link: https://www.econbiz.de/10010510058

(When) should a non-euro country join the banking union?

Belke, Ansgar; Dobrza´nska, Anna; Gros, Daniel; Smaga, … - 2016

Wir analysieren die Vorteile und Kosten eines Nicht-Euro-Landes, in die Bankenunion einzutreten. Die Entscheidung über … einen Eintritt ist abhängig vom Vergleich zwischen der Beurteilung der Attraktivität der Bankenunion und der Robustheit … Kosten konkreter sind. Aufgrund von Vertragsbestimmungen sind Nicht-Euro-Länder, die an der Bankenunion teilnehmen, gegenüber …

Persistent link: https://www.econbiz.de/10011446695