Micossi, Stefano, (2016), “Banking crisis yet again and how to fix it”, Ceps Commentary, 15 February
Almost out of the blue, a combination of diverse factors has elicited a run on bank stocks and junior and senior debt, raising the spectre of a renewed systemic bank crisis within the European Union. The policy response cannot come from the European Central Bank but, instead, must consist of regulatory responses capable of dispelling the uncertainty over future prudential capital requirements whilst also temporarily suspending the rules on state aid cum bail-in that had ignited the crisis.
Relevant Posts
- Thompson, Helen, (2015), “Germany and the Euro-Zone Crisis: The European Reformation of the German Banking Crisis and the Future of the Euro”, New Political Economy, Issue 6, Volume 20, May
- Pratley, Nils, (2015), “Greek referendum: we are back to wild markets of the 2008 banking crisis”, The Guardian, 6 July