IDEAS home Printed from https://ideas.repec.org/a/agr/journl/vxxivy2017i1(610)p291-298.html
   My bibliography  Save this article

Banking Union framework and the stability of the European Banking sector

Author

Listed:
  • Andrei HREBENCIUC

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

In the past few years, the ECB faced many challenges in conducting the monetary policy in Eurozone. The sovereign debt crisis revealed the economic growth divergence between center and periphery in the European model. The creation of the Eurozone increased the correlation link between the banking sector and the public debt. The European authorities’ role is to break down the doom loop between public debt and banks. During the sovereign debt crisis ECB exceeded its monetary policy objective of price stability through diverse operations assimilated by the markets as debt monetization. The Banking Union framework should approach three sensitive points related to fiscal sustainability, an integrated financial system and an EMU shock absorption mechanism.

Suggested Citation

  • Andrei HREBENCIUC, 2017. "Banking Union framework and the stability of the European Banking sector," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(610), S), pages 291-298, Spring.
    • Handle: RePEc:agr:journl:v:xxiv:y:2017:i:1(610):p:291-298
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/1264.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=1264&rid=126
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Barry Eichengreen, 2010. "The Breakup of the Euro Area," NBER Chapters, in: Europe and the Euro, pages 11-51, National Bureau of Economic Research, Inc.
    2. Nicolas Véron & Guntram B. Wolff, 2013. "From supervision to resolution- next steps on the road to European banking union," Policy Contributions 771, Bruegel.
    3. Antonio Fatás & Ilian Mihov, 2010. "The Euro and Fiscal Policy," NBER Chapters, in: Europe and the Euro, pages 287-324, National Bureau of Economic Research, Inc.
    4. Reint Gropp & Anil K Kashyap, 2010. "A New Metric for Banking Integration in Europe," NBER Chapters, in: Europe and the Euro, pages 219-246, National Bureau of Economic Research, Inc.
    5. Andrei HREBENCIUC, 2010. "Public Debt Evolution in the Eurozone and the Need of Policy Coordination," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 8(9(549)), pages 53-62, August.
    6. Zsolt Darvas, 2013. "Banking system soundness is the key to more SME financing," Policy Contributions 785, Bruegel.
    7. Nicolas Veron, 2013. "A Realistic Bridge Towards European Banking Union," Policy Briefs PB13-17, Peterson Institute for International Economics.
    8. Daniel Gros & Dirk Schoenmaker, 2014. "European Deposit Insurance and Resolution in the Banking Union," Journal of Common Market Studies, Wiley Blackwell, vol. 52(3), pages 529-546, May.
    9. Zsolt Darvas & Silvia Merler, 2013. "The European Central Bank in the age of banking union," Policy Contributions 796, Bruegel.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Roșca Vlad I., 2017. "The Europeanisation of Romanian football: What do UEFA country coefficients reveal?," Management & Marketing, Sciendo, vol. 12(4), pages 652-673, December.
    2. Andrei HREBENCIUC, 2017. "The costs of Brexit for UK economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(611), S), pages 319-327, Summer.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrei HREBENCIUC, 2017. "Banking Union framework and the stability of the European Banking sector," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 291-298, Spring.
    2. Maylis Avaro & Henri Sterdyniak, 2014. "Banking union: a solution to the euro zone crisis?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 193-241.
    3. Daniele Schiliro, 2014. "Changes in Eurozone Governance after the Crisis and the Issue of Growth," International Journal of Social Science Studies, Redfame publishing, vol. 2(2), pages 110-119, April.
    4. Steven Rosefielde & Yiyi Liu, 2018. "Local Public Debt Management: Lessons From Greece In Inclusive Economic Perspective," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(04), pages 967-980, September.
    5. Darvas, Zsolt & Schoenmaker, Dirk & Véron, Nicolas, 2016. "Reforms to the European Union Financial Supervisory and Regulatory Architecture and Their Implications for Asia," ADBI Working Papers 615, Asian Development Bank Institute.
    6. Mehmet Maksud Onal & John K. Ashton, 2021. "Is the Journey more Important than the Destination? EU Accession and Corporate Governance and Performance of Banks," Journal of Common Market Studies, Wiley Blackwell, vol. 59(6), pages 1516-1535, November.
    7. Massimiliano Affinito, 2011. "Convergence clubs, the euro-area rank and the relationship between banking and real convergence," Temi di discussione (Economic working papers) 809, Bank of Italy, Economic Research and International Relations Area.
    8. Beblavý, Miroslav & Maselli, Ilaria & Veselkova, Marcela, 2014. "Let’s get to Work! The Future of Labour in Europe," CEPS Papers 9486, Centre for European Policy Studies.
    9. Dirk Schoenmaker, 2017. "A macro approach to international bank resolution," Policy Contributions 21231, Bruegel.
    10. Ignacio Jurado & Stefanie Walter & Nikitas Konstantinidis & Elias Dinas, 2020. "Keeping the euro at any cost? Explaining attitudes toward the euro-austerity trade-off in Greece," European Union Politics, , vol. 21(3), pages 383-405, September.
    11. Garcia-Hiernaux, Alfredo & Gonzalez-Perez, Maria T. & Guerrero, David E., 2023. "Eurozone prices: A tale of convergence and divergence," Economic Modelling, Elsevier, vol. 126(C).
    12. A. Malliaris & Mary Malliaris, 2013. "Are oil, gold and the euro inter-related? Time series and neural network analysis," Review of Quantitative Finance and Accounting, Springer, vol. 40(1), pages 1-14, January.
    13. Katja Schmidt & Antoine Sigwalt, 2022. "Fiscal policy orientation in the euro area in real-time," Working papers 896, Banque de France.
    14. Dirk Schoenmaker, 2018. "Resolution of international banks: Can smaller countries cope?," International Finance, Wiley Blackwell, vol. 21(1), pages 39-54, March.
    15. Handler, Heinz, 2013. "The eurozone: piecemeal approach to an optimum currency area," MPRA Paper 67183, University Library of Munich, Germany.
    16. Gropp, Reint E. & Köhler, Matthias, 2010. "Bank owners or bank managers: who is keen on risk? Evidence from the financial crisis," ZEW Discussion Papers 10-013, ZEW - Leibniz Centre for European Economic Research.
    17. Felton, Andrew & Reinhart, Carmen M. (ed.), 2009. "The First Global Financial Crisis of the 21st Century Part II: June–December, 2008," Vox eBooks, Centre for Economic Policy Research, number p199.
    18. Christopher Gandrud & Mark Hallerberg, 2015. "Does Banking Union Worsen the EU's Democratic Deficit? The Need for Greater Supervisory Data Transparency," Journal of Common Market Studies, Wiley Blackwell, vol. 53(4), pages 769-785, July.
    19. Jörg Bibow, 2013. "Lost at Sea: The Euro Needs a Euro Treasury," IMK Studies 35-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    20. Kallal, Sami & Guetat, Imène, 2020. "Fiscal stance, election year and 2007 crisis, evidence from OECD countries (1980–2017)," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:xxiv:y:2017:i:1(610):p:291-298. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.