Political Economy of European Banking Union

Political Economy of European Banking Union

EnglishEbook
Howarth, David
OUP Oxford
EAN: 9780191043802
Available online
CZK 2,713
Common price CZK 3,014
Discount 10%
pc

Detailed information

The establishment of Banking Union represents a major development in European economic governance and European integration history more generally. Banking Union is also significant because not all European Union (EU) member states have joined, which has increased the trend towards differentiated integration in the EU, posing a major challenge to the EU as a whole and to the opt-out countries. This book is informed by two main empirical questions. Why was BankingUnion - presented by proponents as a crucial move to 'complete' Economic and Monetary Union (EMU) - proposed only in 2012, over twenty years after the adoption of the Maastricht Treaty? Why has a certain design for Banking Union been agreed and some elements of this design prioritized over others?A two-step explanation is articulated in this study. First, it explains why euro area member state governments moved to consider Banking Union by building on the concept of the 'financial trilemma', and examining the implications of the single currency for euro area member state banking systems. Second, it explains the design of Banking Union by examining the preferences of member state governments on the core components of Banking Union and developing a comparative political economy analysisfocused on the configuration of national banking systems and varying national concern for the moral hazard facing banks and sovereigns created by euro level support mechanisms.
EAN 9780191043802
ISBN 019104380X
Binding Ebook
Publisher OUP Oxford
Publication date September 15, 2016
Pages 256
Language English
Country United Kingdom
Authors Howarth, David; Quaglia, Lucia
Manufacturer information
The manufacturer's contact information is currently not available online, we are working intensively on the axle. If you need information, write us on helpdesk@megabooks.sk, we will be happy to provide it.