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E-grāmata: European Banking Union: Prospects and challenges

Edited by (University of Buckingham, UK), Edited by (University of Auckland, New Zealand), Edited by (University of Buckingham, UK)
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Recent failures and rescues of large banks have resulted in colossal costs to society. In wake of such turmoil a new banking union must enable better supervision, pre-emptive coordinated action and taxpayer protection. While these aims are meritorious they will be difficult to achieve. This book explores the potential of a new banking union in Europe.

This book brings together leading experts to analyse the challenges of banking in the European Union. While not all contributors agree, the constructive criticism provided in this book will help ensure that a new banking union will mature into a stable yet vibrant financial system that encourages the growth of economic activity and the efficient allocation of resources.

This book will be of use to researchers interested in Banking, Monetary Economics and the European Union.

List of figures
xi
List of tables
xii
List of contributors
xiii
Preface xv
Acknowledgements xvii
1 Banking union in Europe
1(22)
Juan E. Castaneda
David G. Mayes
Geoffrey Wood
2 Banking union: the way forward
23(15)
Thomas F. Huertas
3 Plausible recovery and resolution plans for cross-border financial institutions
38(29)
Giannoula Karamichailidou
David G. Mayes
4 The Cyprus debacle: implications for the European banking union
67(11)
Kate Phylaktis
5 Euro area bank resolution and bail-in: intervention, triggers and writedowns
78(31)
Thomas Conlon
John Cotter
Comment
100(9)
Alessandro Roselli
6 Lender of last resort and banking union
109(20)
Rosa M. Lastra
7 Resolution planning and structural bank reform within the banking union
129(27)
Jens-Hinrich Binder
8 Shadows and mirrors: the role of debt in the developing resolution strategies in the US, UK and European Union
156(28)
Michael Krimminger
9 Resolution of failing banks in the European banking union: finishing the job or going back to the drawing board?
184(24)
Johan A. Lybeck
10 Monetary policy and long-term trends
208(13)
Charles A. E. Goodhart
Philipp Erfurth
Index 221
Juan E. Castańeda is lecturer in economics, University of Buckingham and deputy director, Institute of International Monetary Research, UK.



David G. Mayes is professor of banking and financial institutions, chairman, Europe Institute and director, NZ Governance Centre, University of Auckland, New Zealand.



Geoffrey Wood is emeritus professor, University of Buckingham and Cass Business School,UK.