Buch, Claudia M.; Körner, Tobias; Weigert, Benjamin - 2014 - Updated version
Euro area. The absence of effective banking supervision and resolution powers at the European level promoted excessive … private risk-taking in the up-run to the Euro crisis. Effective private risk sharing once risks materialized has been hampered … located in non-Euro area countries. Also, conflicts of interest between monetary policy and banking supervision need to be …