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Banking Union framework and the stability of the European Banking sector

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  • 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 - AGER, vol. 0(1(610), S), pages 291-298, Spring.
    • Handle: RePEc:agr:journl:v:xxiv:y:2017:i:1(610):p:291-298
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    References listed on IDEAS

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    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 - AGER, vol. 0(2(611), S), pages 319-327, Summer.

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