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A Banking Union for the Euro Area
Author:
Rishi Goyal null

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https://orcid.org/0000-0002-5853-9207
,
Ms. Petya Koeva Brooks
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Mahmood Pradhan null

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Mr. Thierry Tressel
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Mr. Giovanni Dell'Ariccia
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Ceyla Pazarbasioglu null

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Series:
Staff Discussion Notes
Volume/Issue:
Volume 2013: Issue 001
Language:
English
Publication Date:
12 Feb 2013
DOI:
https://doi.org/10.5089/9781475521160.006
ISBN:
9781475521160
ISSN:
2617-6750
Pages:
31
Keywords:
SDN; central bank; banking union; resolution authority; monetary policy; financial market; insurance fund; Single Supervisory Mechanism; Direct Resolution; Deposit Insurance; Common Backstops; ECB funding; bank recapitalization; Bank resolution framework; Bank resolution; Systemic risk; Lender of last resort; Europe
Legal-disclaimer:
Staff Discussion Notes (SDNs) showcase policy-related analysis and research being developed by IMF staff members and are published to elicit comments and to encourage debate.The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.
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The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.
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Cover Staff Discussion Notes
Staff Discussion Notes
ISSN:
2617-6750
Publisher:
International Monetary Fund