The political economy of the European banking union
Banking union has become the most spectacular result of the reform of European economic governance. The article demonstrates that the institutions and mechanisms of the European banking union can be interpreted as the outcome of a bargaining process amongst the member states of the union; that is,...
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| Format: | Article |
| Language: | English |
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Corvinus University of Budapest
2020-04-01
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| Series: | Köz-gazdaság |
| Online Access: | http://retp.eu/index.php/retp/article/view/215 |
| _version_ | 1797954650918354944 |
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| author | István Benczes |
| author_facet | István Benczes |
| author_sort | István Benczes |
| collection | DOAJ |
| description |
Banking union has become the most spectacular result of the reform of European economic governance. The article demonstrates that the institutions and mechanisms of the European banking union can be interpreted as the outcome of a bargaining process amongst the member states of the union; that is, preferences of member states largely determined how the supranational level of the EU has been strengthened. It is most likely that the endresult is not a first-best solution as it was the outcome of a series of compromises.
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| first_indexed | 2024-04-10T23:20:50Z |
| format | Article |
| id | doaj.art-520809c015a84c569a7ab9edf0bdba2d |
| institution | Directory Open Access Journal |
| issn | 1788-0696 |
| language | English |
| last_indexed | 2024-04-10T23:20:50Z |
| publishDate | 2020-04-01 |
| publisher | Corvinus University of Budapest |
| record_format | Article |
| series | Köz-gazdaság |
| spelling | doaj.art-520809c015a84c569a7ab9edf0bdba2d2023-01-12T15:03:10ZengCorvinus University of BudapestKöz-gazdaság1788-06962020-04-01144The political economy of the European banking unionIstván Benczes Banking union has become the most spectacular result of the reform of European economic governance. The article demonstrates that the institutions and mechanisms of the European banking union can be interpreted as the outcome of a bargaining process amongst the member states of the union; that is, preferences of member states largely determined how the supranational level of the EU has been strengthened. It is most likely that the endresult is not a first-best solution as it was the outcome of a series of compromises. http://retp.eu/index.php/retp/article/view/215 |
| spellingShingle | István Benczes The political economy of the European banking union Köz-gazdaság |
| title | The political economy of the European banking union |
| title_full | The political economy of the European banking union |
| title_fullStr | The political economy of the European banking union |
| title_full_unstemmed | The political economy of the European banking union |
| title_short | The political economy of the European banking union |
| title_sort | political economy of the european banking union |
| url | http://retp.eu/index.php/retp/article/view/215 |
| work_keys_str_mv | AT istvanbenczes thepoliticaleconomyoftheeuropeanbankingunion AT istvanbenczes politicaleconomyoftheeuropeanbankingunion |