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Banking Union

In: Monetary Unions

Author

Listed:
  • Hubert Kempf

    (École Normale Supérieure Paris-Saclay
    NRU Higher School of Economics)

Abstract

Chapter 10 tackles the banking union necessarily concomitant to a monetary union given the present technologies of payment and exchanges. It presents the three facets of such a union: supervision, resolution and deposit insurance. The specificities of such a banking union come from the necessary bonds coming from a unique currency and a unique central bank. A banking union needs to address the financial cross-border spillovers existing in a monetary union which create increased contagion effects and heighten banking fragility.

Suggested Citation

  • Hubert Kempf, 2022. "Banking Union," Springer Texts in Business and Economics, in: Monetary Unions, chapter 10, pages 355-394, Springer.
  • Handle: RePEc:spr:sptchp:978-3-030-93232-9_10
    DOI: 10.1007/978-3-030-93232-9_10
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