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Trust in the Euro and the EU’s Banking Union After the Financial Crisis: Interdisciplinary European Studies
University West, School of Business, Economics and IT, Divison of Law, Economics, Statistics and Politics.
University of California at Riverside, Riverside, USA.
2019 (English)In: Trust in the European Union in Challenging Times: Interdisciplinary European Studies / [ed] Bakardjieva Engelbrekt, Antonina; Bremberg, Niklas; Michalski, Anna; Oxelheim, Lars, Springer, 2019, p. 111-138Chapter in book (Other academic)
Abstract [en]

Wihlborg and Khoury examine whether greater institutional flexibility can strengthen confidence in the euro and the European banking union. The authors highlight the costs and benefits of harmonization as compared with those arising from competition among national regulatory frameworks. Greater trust requires either that some EU member states abandon the euro as their currency, or that they effect far-reaching structural reforms. Politically, it is advantageous to divide the euro zone into two different currency areas. Regarding the EU’s banking union, Wihlborg and Khoury contend that market discipline with regard to banks’ risk-taking improves national regulatory frameworks through institutional competition. Mutual recognition between national supervisory authorities requires harmonization of rules for dealing with troubled banks, as well as for banking regulation and supervision.

Place, publisher, year, edition, pages
Springer, 2019. p. 111-138
Keywords [en]
European banking union, confidence, institutional flexibility
National Category
Economics
Research subject
SOCIAL SCIENCE, Economics
Identifiers
URN: urn:nbn:se:hv:diva-13039DOI: 10.1007/978-3-319-73857-4_6Scopus ID: 2-s2.0-85054042425ISBN: 978-3-319-73857-4 (print)ISBN: 978-3-319-73856-7 (electronic)OAI: oai:DiVA.org:hv-13039DiVA, id: diva2:1259370
Available from: 2018-10-29 Created: 2018-10-29 Last updated: 2018-11-08Bibliographically approved

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