Bluedorn, John, Ilyina, Anna, Iossifov, Plamen, (2015), “Banking Union Before Euro Adoption: Flak Jacket or Straitjacket?”, IMF Direct, 19 Αυγούστου
All European Union members, except Denmark and the United Kingdom, are expected under EU treaties to eventually adopt the euro. Six Central and Eastern EU members – Bulgaria, Croatia, Czech Republic, Hungary, Poland and Romania – are yet to do so. In the meantime, these countries have a decision to make: Should they opt in to the Banking Union before adopting the euro? Such a move may offer greater insurance against shocks, but at a certain cost to policy flexibility. In a recent study, we explore some of the trade-offs that countries need to weigh.
Σχετικές Αναρτήσεις
- Breuss, Fritz, Roeger, Werner, In ’t Veld, Jan, (2015), “The stabilising properties of a European Banking Union in case of financial shocks in the Euro Area”, European Commission publications, Economic Papers 550, June 2015
- Gordon, Jeffrey, Ringe, Georg, (2015), “Greece and the missing banking union”, Voxeu, 17 Ιουλίου