A Banking Union for the Euro Area

Author/Editor:

Rishi Goyal ; Petya Koeva Brooks ; Mahmood Pradhan ; Thierry Tressel ; Giovanni Dell'Ariccia ; Ceyla Pazarbasioglu

Publication Date:

February 12, 2013

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published to elicit comments and to further debate.

Summary:

The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.

Series:

Staff Discussion Notes No. 2013/001

Subject:

Notes:

Technical Notes

English

Publication Date:

February 12, 2013

ISBN/ISSN:

9781475521160/2617-6750

Stock No:

SDNEA2013001

Pages:

31

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