IDEAS home Printed from https://ideas.repec.org/a/aic/revebs/y2014d14cocrisv.html
   My bibliography  Save this article

Towards A European Banking Union: Risks And Challenges

Author

Listed:
  • Vasile COCRIS

    () („Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Iasi, Romania)

  • Igor TURCANU

    () (European Central Bank, Frankfurt, Germany)

  • Stanislav PERCIC

    () („Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Iasi, Romania)

Abstract

Economic instability and financial turbulences in the European Union and especially in the Eurozone over the past years have given rise to calls for a real solution in order to solve the problems of the current crisis. In an integrated monetary area, economic and financial stability are issues relating to collective responsibility. That is why, when trying to deal with the latest challenges, the European Commission has proposed to establish a more unified banking supervision mechanism in the form of a banking union, which will fall under the auspices of the European Central Bank. Although the current banking union proposal seems to be a critical step towards solving the on-going crisis, there are many risks and challenges that the European Union has to deal with. This study aims at bringing together different views in order to highlight strengths and weaknesses of the future banking union. The body of this paper hosts a detailed description of the proposed European banking union, offering valuable insights, recommendations and some proposals for a way forward.

Suggested Citation

  • Vasile COCRIS & Igor TURCANU & Stanislav PERCIC, 2014. "Towards A European Banking Union: Risks And Challenges," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 14, pages 219-227, December.
  • Handle: RePEc:aic:revebs:y:2014:d:14:cocrisv
    as

    Download full text from publisher

    File URL: http://www.rebs.ro/articles/pdfs/220.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Jorge Sicilia & Santiago Fernandez de Lis & Ana Rubio, 2013. "Banking Union: integrating components and complementary measures," Working Papers 1328, BBVA Bank, Economic Research Department.
    2. Angel Ubide, 2013. "How to Form a More Perfect European Banking Union," Policy Briefs PB13-23, Peterson Institute for International Economics.
    3. Fritz Breuss, 2013. "European Banking Union," WIFO Working Papers 454, WIFO.
    4. Dirk Schoenmaker & Arjen Siegmann, 2013. "Efficiency Gains of a European Banking Union," Tinbergen Institute Discussion Papers 13-026/IV/DSF51, Tinbergen Institute.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    banking union; banking supervision mechanism; Eurozone; European Central Bank;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    Statistics

    Access and download statistics

    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:aic:revebs:y:2014:d:14:cocrisv. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sireteanu Napoleon-Alexandru). General contact details of provider: http://edirc.repec.org/data/feaicro.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.