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The neglected side of banking union: reshaping Europe’s financial system. Bruegel Policy Contribution, 14 September 2013

Sapir, André and Wolff, Guntram B. (2013) The neglected side of banking union: reshaping Europe’s financial system. Bruegel Policy Contribution, 14 September 2013. [Policy Paper]

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    Abstract

    This Policy Contribution...discusses how Europe's financial system could and should be reshaped. It starts from two basic points: First, the banking system needs to be credibly de-linked from the sovereigns and banks should operate across borders. Europe needs fewer national champions. Second, other forms of financial intermediation need to be developed. Both steps require a significant stepping up of the policy system, including a single resolution mechanism. Together, this will render Europe’s financial system more stable, more efficient and more conducive to growth.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 21 Sep 2013 17:27
    Number of Pages: 28
    Last Modified: 21 Sep 2013 17:27
    URI: http://aei.pitt.edu/id/eprint/44123

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