A solution for Europe's banking problem
Nicolas VÃ©ron and Adam Posen believe Europe should build new long term European joint-action to face the likely high rising number of insolvent banks on the continent. The authors propose on the one hand, a centralised triage and restructuring process of bad European banks lead by a new temporary European Institution, a European Bank Support Authority (EBSA), and on the other hand, long-term EU Institutions dedicated to the completion of an integrated market.
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- Gropp, Reint & Kashyap, Anil K., 2008.
"A New Metric for Banking Integration in Europe,"
ZEW Discussion Papers
08-102, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
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- Hoshi, Takeo & Kashyap, Anil K, 2010.
"Will the U.S. bank recapitalization succeed? Eight lessons from Japan,"
Journal of Financial Economics,
Elsevier, vol. 97(3), pages 398-417, September.
- Takeo Hoshi & Anil K Kashyap, 2008. "Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan," NBER Working Papers 14401, National Bureau of Economic Research, Inc.
- Fabian Valencia & Luc Laeven, 2008. "Systemic Banking Crises; A New Database," IMF Working Papers 08/224, International Monetary Fund.
- Jean Pisani-Ferry & Bruno van Pottelsberghe, 2009. "Handle with care! Post-crisis growth in the EU," Policy Briefs 301, Bruegel.
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