A Banking Union for the Euro Area ( IMF Staff Discussion Notes )

Publication series ： IMF Staff Discussion Notes

Author： Rishi Goyal Petya Koeva Brooks Mahmood Pradhan Mr. Thierry Tressel Mr. Giovanni Dell'Ariccia Ceyla Pazarbasioglu

Publisher： INTERNATIONAL MONETARY FUND‎

Publication year： 2013

E-ISBN: 9781475591132

P-ISBN(Paperback): 9781475521160

Subject： F830.3 financial organizations like banks

Keyword： Banking systems,Europe,Euro Area,Bank supervision,Bank regulations,Bank resolution,Deposit insurance,Financial safety nets,Monetary unions,Banking Union,Single Supervisory Mechanism,Direct Recapitalization,European Stabilization Mechanism,Resolution,Deposit Insurance,Common Backstops

Language： ENG

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Description

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.

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