Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

The European Central Bank as a Policy Entrepreneur within Banking Union

Donnelly, Shawn (2015) The European Central Bank as a Policy Entrepreneur within Banking Union. [Conference Proceedings] (Submitted)

[img] PDF - Submitted Version
Download (409Kb)


    Introduction: The European Union, together with the euro zone, negotiated a set of new policies and institutions on banking union from 2012 onward to enhance financial stability and resilience within the European economy. These policies and institutions comprise the Single Supervisory Mechanism, the Single Resolution Mechanism, a European Deposit Insurance System, and a European public backstop mechanism. These individual items represent parts of a financial stability architecture that Europe needs to combat crises and prevent contagion before, during and after the onset of a crisis. Supervision focuses on crisis prevention through the application of prudential standards. Resolution and deposit insurance systems help to prevent a bank’s collapse from initiating contagion: inflicting fatal damage on other banks, or instigating panic. Finally, public backstops provide a lender of last resort function to the banking sector as a whole when all else fails.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Conference Proceedings
    Subjects for non-EU documents: EU policies and themes > EU institutions & developments > European Central Bank
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2015 (14th), March 4-7, 2015
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 06 Mar 2018 16:06
    Number of Pages: 10
    Last Modified: 06 Mar 2018 16:06

    Actions (login required)

    View Item

    Document Downloads