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Should Denmark and Sweden join the banking Union?

Author

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  • Dirk Schoenmaker
  • Svend E. Hougaard Jensen

Abstract

An important policy discussion is ongoing in Denmark and Sweden on joining the European Union’s banking union. Joining would bring pros and cons. A major issue is the supervision and resolution at the national level of large banks with a Scandinavian footprint. It is not evident that Denmark and Sweden would be able to resolve these large banks by themselves, if and when needed. The main rationale for joining the...

Suggested Citation

  • Dirk Schoenmaker & Svend E. Hougaard Jensen, 2020. "Should Denmark and Sweden join the banking Union?," Policy Contributions 37311, Bruegel.
    • Handle: RePEc:bre:polcon:37311
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    References listed on IDEAS

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    1. Zsolt Darvas & Guntram B. Wolff, 2013. "Should Non-Euro Area Countries Join the Single Supervisory Mechanism?," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 2, pages 141-163, June.
    2. de Haan,Jakob & Schoenmaker,Dirk & Wierts,Peter, 2020. "Financial Markets and Institutions," Cambridge Books, Cambridge University Press, number 9781108494113.
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    Cited by:

    1. Hilmar Þór Hilmarsson, 2020. "The Dangers of Banking Interconnectedness During Times of Crisis: The Nordic-Baltic Case," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 9(4), pages 153-161, December.
    2. María J. Nieto & Dalvinder Singh, 2021. "Incentive compatible relationship between the ERM II and close cooperation in the Banking Union: the cases of Bulgaria and Croatia," Occasional Papers 2117, Banco de España.

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