Neue Banken- und Fiskalarchitektur für Europa: Krisen vermeiden, statt sie nur zu bewältigen

Autor:	Claudia Lambert, Marcel Fratzscher, Malte Rieth
Rok vydání:	2014
Předmět:	G28 Bankenregulierung Insolvency F36 Restructuring G15 Konjunkturzusammenhang Financial system Bankenkrise Shock (economics) Economy European integration ddc:330 Economics Business cycle EU-Staaten Business Management and Accounting (miscellaneous) Banking union Resizing E32 Social policy
Zdroj:	Wirtschaftsdienst. 94:15-21
ISSN:	1613-978X 0043-6275
Popis:	In December 2013 agreement on the second pillar of the banking union was reached. The SRM sets up restructuring guidelines for banks, including a bank-paid resolution fund, fully operational in 2025. In the article we discuss how the current design of the banking union falls short of the goal of breaking the link between governments and their banks. We explain how an insolvency code for sovereigns is central to achieving this goal and evaluate alternative mechanisms to synchronise the business cycles of member states: 1) the coordination of national stabilisation policies; 2) the introduction of a cyclical shock insurance; and 3) the enlargement of the euro area budget, of which we consider the first alternative the most promising.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::97644af89d00d748fa3f6b2c9c03d3b7 https://doi.org/10.1007/s10273-014-1645-2 Zobrazit plný text záznamu Full text from SpringerLink