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‚Stairway to Heaven‘ oder ‚Highway to Hell‘? – Eine Einschätzung der Europäischen Bankenunion / ‚Stairway to Heaven‘ or ‚Highway to Hell‘? – An Evaluation of the European Banking Union

Listed author(s):
  • Vollmer Uwe
Registered author(s):

    The paper describes the main pillars of the European Banking Union (EBU) and discusses its economic justification from the viewpoint of banking theory. The following aspects stand central: Avoidance of regulatory arbitrage, conflicts of interest between the monetary policy and the regulatory unit within ECB, credibility problems of bank resolution schemes, and adverse incentives of deposit insurance guarantees. The paper reviews the literature on banking regulation and scrutinizes the existing EBU-rules. It also asks what rules are missing to enhance the stability of the banking sector in Europe.

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    Article provided by De Gruyter in its journal ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft.

    Volume (Year): 66 (2015)
    Issue (Month): 1 (January)
    Pages: 147-174

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    Handle: RePEc:bpj:ordojb:v:66:y:2015:i:1:p:147-174:n:9
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    26. Claudia M. Buch & Björn Hilberg & Lena Tonzer, 2014. "Taxing Banks: An Evaluation of the German Bank Levy," CESifo Working Paper Series 4704, CESifo Group Munich.
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