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Banking Union as a shock absorber : lessons for the eurozone from the US /
This book illustrates how the structure of the US banking market and the existence of federal institutions allowed regional financial shocks to be absorbed at the federal level in the US, thus avoiding local financial crisis. The authors argue that the experience of the US shows the importance of a...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Brussels : London :
Centre for European Policy Studies (CEPS) ; Rowman & Littlefield International,
[2015]
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This book illustrates how the structure of the US banking market and the existence of federal institutions allowed regional financial shocks to be absorbed at the federal level in the US, thus avoiding local financial crisis. The authors argue that the experience of the US shows the importance of a 'banking union' to avoid severe regional (national) financial dislocation in the wake of regional boom and bust cycles. They also discuss the extent to which the institutions of the partial banking union, now in the process of being created for the euro area, should be able to increase its capacity to deal with future regional boom and bust cycles, thereby stabilising the single currency.-- |
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| Descripción Física: | 1 online resource (ix, 82 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 73-78) and index. |
| ISBN: | 9781783485963 1783485965 |