TOWARDS A EUROPEAN BANKING UNION: RISKS AND CHALLENGES
Economic instability and financial turbulences in the European Union and especially in the Eurozone over the past years have given rise to calls for a real solution in order to solve the problems of the current crisis. In an integrated monetary area, economic and financial stability are issues relat...
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doaj-faeb440588e44945957951d0d626d1732020-11-24T21:39:39ZengSciendoReview of Economic and Business Studies1843-763X1843-763X2014-12-01VII2219227 TOWARDS A EUROPEAN BANKING UNION: RISKS AND CHALLENGESVasile COCRIŞ0Stanislav PERCIC1Igor ŢURCANU „Alexandru Ioan Cuza” University of Iaşi, Faculty of Economics and Business Administration, Iaşi, Romania, vcocris@uaic.ro „Alexandru Ioan Cuza” University of Iaşi, Faculty of Economics and Business Administration, Iaşi, Romania, stanislav.percic@yahoo.comEconomic instability and financial turbulences in the European Union and especially in the Eurozone over the past years have given rise to calls for a real solution in order to solve the problems of the current crisis. In an integrated monetary area, economic and financial stability are issues relating to collective responsibility. That is why, when trying to deal with the latest challenges, the European Commission has proposed to establish a more unified banking supervision mechanism in the form of a banking union, which will fall under the auspices of the European Central Bank. Although the current banking union proposal seems to be a critical step towards solving the on-going crisis, there are many risks and challenges that the European Union has to deal with. This study aims at bringing together different views in order to highlight strengths and weaknesses of the future banking union. The body of this paper hosts a detailed description of the proposed European banking union, offering valuable insights, recommendations and some proposals for a way forward.http://www.rebs.ro/articles/pdfs/220.pdfbanking unionbanking supervision mechanismEurozoneEuropean Central Bank |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Vasile COCRIŞ Stanislav PERCIC Igor ŢURCANU |
spellingShingle |
Vasile COCRIŞ Stanislav PERCIC Igor ŢURCANU TOWARDS A EUROPEAN BANKING UNION: RISKS AND CHALLENGES Review of Economic and Business Studies banking union banking supervision mechanism Eurozone European Central Bank |
author_facet |
Vasile COCRIŞ Stanislav PERCIC Igor ŢURCANU |
author_sort |
Vasile COCRIŞ |
title |
TOWARDS A EUROPEAN BANKING UNION: RISKS AND CHALLENGES |
title_short |
TOWARDS A EUROPEAN BANKING UNION: RISKS AND CHALLENGES |
title_full |
TOWARDS A EUROPEAN BANKING UNION: RISKS AND CHALLENGES |
title_fullStr |
TOWARDS A EUROPEAN BANKING UNION: RISKS AND CHALLENGES |
title_full_unstemmed |
TOWARDS A EUROPEAN BANKING UNION: RISKS AND CHALLENGES |
title_sort |
towards a european banking union: risks and challenges |
publisher |
Sciendo |
series |
Review of Economic and Business Studies |
issn |
1843-763X 1843-763X |
publishDate |
2014-12-01 |
description |
Economic instability and financial turbulences in the European Union and especially in the Eurozone over the past years have given rise to calls for a real solution in order to solve the problems of the current crisis. In an integrated monetary area, economic and financial stability are issues relating to collective responsibility. That is why, when trying to deal with the latest challenges, the European Commission has proposed to establish a more unified banking supervision mechanism in the form of a banking union, which will fall under the auspices of the European Central Bank. Although the current banking union proposal seems to be a critical step towards solving the on-going crisis, there are many risks and challenges that the European Union has to deal with. This study aims at bringing together different views in order to highlight strengths and weaknesses of the future banking union. The body of this paper hosts a detailed description of the proposed European banking union, offering valuable insights, recommendations and some proposals for a way forward. |
topic |
banking union banking supervision mechanism Eurozone European Central Bank |
url |
http://www.rebs.ro/articles/pdfs/220.pdf |
work_keys_str_mv |
AT vasilecocris towardsaeuropeanbankingunionrisksandchallenges AT stanislavpercic towardsaeuropeanbankingunionrisksandchallenges AT igorturcanu towardsaeuropeanbankingunionrisksandchallenges |
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