The Political Economy of European Banking Union

The Political Economy of European Banking Union
Author: David J. Howarth
Publisher: Oxford University Press
Total Pages: 285
Release: 2016
Genre: Business & Economics
ISBN: 0198727925

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 Banking Union - 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 analysis focused 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.

Against European Integration

Against European Integration
Author: Ivan T. Berend
Publisher: Routledge
Total Pages: 193
Release: 2019-04-18
Genre: Business & Economics
ISBN: 0429577761

This book gives a complex description and discussion of today’s populist attacks against the European Union (EU) following the financial crisis of 2008, which opened the floodgates of dissatisfaction, and the migration crisis which destabilized the traditional solidarity basis of the EU. The problem of Brexit is also explored. Each chapter presents one of the main elements of the crisis of the EU. These include West European populism, Central European right-wing populism in power, and the exploitation of the EU’s mistake during the migration crisis of the mid-2010s. These also include the discovery of Christian ideology against immigration and hidden anti-Semitic propaganda using a hysterical attack against the liberal billionaire philanthropist George Soros, and Brexit. There is a detailed discussion of the failures of the EU to pacify the neighbourhood in the South and North, especially in Ukraine, and the rising hostile outside enemies of the EU, including Russia and Turkey, bad relationships with Trump’s America, the uncertainty of NATO, and the emergence of a new rival, China, that enters into the Central European edge of the EU. The author explores strategies for coping with, and emerging from, this existential crisis and ends with the alternative plans and possibilities for the future of the eurozone. This will be an invaluable resource for understanding the crisis of the EU, one of the central questions of contemporary international politics for undergraduate and graduate students, and readers interested in the discussion surrounding an endangered European integration and difficult world politics.

Crises and Integration in European Banking Union

Crises and Integration in European Banking Union
Author: Christopher Mitchell
Publisher: Oxford University Press
Total Pages: 385
Release: 2024-02-06
Genre: Political Science
ISBN: 0198889062

Crises and Integration in European Banking Union builds a theory of how the combination of crisis severity and origin indicates whether a crisis will produce deep reform, modest reform, or a persistence of the pre-crisis status quo.

How Foreign Participation and Market Concentration Impact Bank Spreads

How Foreign Participation and Market Concentration Impact Bank Spreads
Author: Ashoka Mody
Publisher: World Bank Publications
Total Pages: 33
Release: 2004
Genre: Bancos extranjeros
ISBN:

Increasing foreign participation and high concentration levels characterize the recent evolution of banking sectors' market structures in developing countries. Martinez Peria and Mody analyze the impact of these factors on Latin American bank spreads during the late 1990s. Their results suggest that foreign banks were able to charge lower spreads relative to domestic banks. This was more so for de novo foreign banks than for those that entered through acquisitions. The overall level of foreign bank participation seemed to influence spreads indirectly, primarily through its effect on administrative costs. Bank concentration was positively and directly related to both higher spreads and costs. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to understand banking sector market structure changes in developing countries.

Banking Union for Europe

Banking Union for Europe
Author: Thorsten Beck
Publisher:
Total Pages: 152
Release: 2012-10-01
Genre: Business & Economics
ISBN: 9781907142574

Contributions from Viral Acharya, Joshua Aizenman, Franklin Allen, Thorsten Beck, Erik Bergl f, Claudia Buch, Elena Carletti, Ralph de Haas, Luis Garicano, Andrew Gimber, Charles Goodhart, Vasso Ioannidou, Daniel Gros, Dirk Schoenmaker, Geoffrey Underhill, Wolf Wagner, Benjamin Weigert, Frank Westermann, Charles Wyplosz and Jeromin Zettelmeyer.

A Banking Union for the Euro Area

A Banking Union for the Euro Area
Author: Rishi Goyal
Publisher: International Monetary Fund
Total Pages: 31
Release: 2013-02-12
Genre: Business & Economics
ISBN: 1475569823

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.

Crisis and Institutional Change in Regional Integration

Crisis and Institutional Change in Regional Integration
Author: Sabine Saurugger
Publisher: Routledge
Total Pages: 373
Release: 2016-03-31
Genre: Political Science
ISBN: 1317359658

Comparative regional integration has met with increasing interest over the last twenty years with the emergence or reinforcing of new regional dynamics in the EU, NAFTA, MERCOSUR and ASEAN. This volume systematically and comparatively analyses the reasons for regional integration and stalemate in European, Latin American and Asian regional integration. It examines whether regional integration systems change in crisis periods, or more precisely in periods of economic crises, and why they change in different directions. Based on a neo-institutionalist research framework and rigorously comparative research design, the individual chapters analyse why financial and economic crises lead to more or less integrated systems and which factors lead to these institutional changes. Specifically it addresses institutional change in regional integration schemes, power relations between member states and the institutions in different policy domains, and change in individual or collective citizens’ attitudes towards regional integration. Adopting an actor-centred approach, the book highlights which regional integration schemes are influenced by economic and financial crises and how to explain this. This text will be of key interest to scholars, students and policy specialists in regional integration, European Politics, International Relations, and Latin American and Asian studies.

Europe's Untapped Capital Market

Europe's Untapped Capital Market
Author: Diego Valiante
Publisher: Centre for European Policy Studies
Total Pages: 0
Release: 2016
Genre: Capital market
ISBN: 9781786600448

This book builds on a year-long discussion with a group of academics, policy-makers and industry experts to provide a long-term contribution to the Capital Markets Union project, launched by the European Commission in 2015. It identifies 36 cross-border barriers to capital mar...

Governance of International Banking

Governance of International Banking
Author: Dirk Schoenmaker
Publisher: Oxford University Press
Total Pages: 238
Release: 2013-03-05
Genre: Business & Economics
ISBN: 0199971617

Global governance of international banks is breaking down after the Great Financial Crisis, as national regulators are withdrawing on their home turf. New evidence presented illustrates that the global systemically important banks underpin the global financial system. This book offers solutions for the effective governance of global banks.

The Crisis of the European Union

The Crisis of the European Union
Author: Jürgen Habermas
Publisher: John Wiley & Sons
Total Pages: 128
Release: 2014-03-03
Genre: Philosophy
ISBN: 0745681530

Translated by Ciaran Cronin. In the midst of the current crisis that is threatening to derail the historical project of European unification, Jürgen Habermas has been one of the most perceptive critics of the ineffectual and evasive responses to the global financial crisis, especially by the German political class. This extended essay on the constitution for Europe represents Habermas’s constructive engagement with the European project at a time when the crisis of the eurozone is threatening the very existence of the European Union. There is a growing realization that the European treaty needs to be revised in order to deal with the structural defects of monetary union, but a clear perspective for the future is missing. Drawing on his analysis of European unification as a process in which international treaties have progressively taken on features of a democratic constitution, Habermas explains why the current proposals to transform the system of European governance into one of executive federalism is a mistake. His central argument is that the European project must realize its democratic potential by evolving from an international into a cosmopolitan community. The opening essay on the role played by the concept of human dignity in the genealogy of human rights in the modern era throws further important light on the philosophical foundations of Habermas’s theory of how democratic political institutions can be extended beyond the level of nation-states. Now that the question of Europe and its future is once again at the centre of public debate, this important intervention by one of the greatest thinkers of our time will be of interest to a wide readership.