A Banking Union for the Euro Area
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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:
Bank resolution Bank resolution framework Banking Deposit insurance Financial crises Financial sector policy and analysis Lender of last resort Systemic risk
Notes:
English
Publication Date:
February 12, 2013
ISBN/ISSN:
9781475521160/2617-6750
Stock No:
SDNEA2013001
Pages:
31
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