El objetivo de ampliar la participación en la unión bancaria europea era permitir que los países outs entablaran una cooperación estrecha, pero no incluía la participación simultánea en el mecanismo de tipo de cambio (ERM II, por sus siglas en inglés). Centrándose en los casos de...

Purpose – The purpose of this paper is to explore the arrangements that have been used in the present crisis and their relative success and to look to the post‐crisis situation. Design/methodology/approach – The paper examines and explains the crisis and the roles of deposit insurance and...

Preventing future bail-outs for large, systemically important banks while minimizing the repercussions of bank insolvencies on the stability of the financial system and the economy at large has become a key policy objective for international standard-setters as well as national and supranational...

The goal of expanding participation in the European Banking Union was to allow the “outs” to enter into close cooperation, but it did not include the simultaneous joining of the Exchange Rate Mechanism (ERM II). Focusing on the cases of Bulgaria and Croatia, this paper attempts to respond to...

In front of the first signals of the economic crisis caused by the COVID-19 pandemic the Bank of England has immediately intervened trying to limit the negative impact of the measures adopted by the Government to reduce the spread of the virus Accordingly, the British monetary authority has...

The European Banking Union (EBU) has had a complex strategic, political, economic and legal formation, and throughout the current turmoil there has been a special emphasis on preserving its stability and further development. The EBU formally consists of three interconnected pillars applicable to...

The global financial crisis exposed the need for coherence and transparency in bank liquidity management. The problem of asymmetry of information associated with liquidity was particularly acute during the crisis, leading to both adverse selection and moral hazard problems. The inability to...

The ambition to expand participation in the European Banking Union was to allow the ‘outs’ to enter in to close cooperation, however, it did not include the simultaneous joining of ERM II. Focusing on the cases of Bulgaria and Croatia, this paper attempts to respond to a number of questions:...