Banking Union framework and the stability of the European Banking sector
In the past few years, the ECB faced many challenges in conducting the monetary policy in Eurozone. The sovereign debt crisis revealed the economic growth divergence between center and periphery in the European model. The creation of the Eurozone increased the correlation link between the banking se...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2017-03-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1264.pdf
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| _version_ | 1811271005975347200 |
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| author | Andrei HREBENCIUC |
| author_facet | Andrei HREBENCIUC |
| author_sort | Andrei HREBENCIUC |
| collection | DOAJ |
| description | In the past few years, the ECB faced many challenges in conducting the monetary
policy in Eurozone. The sovereign debt crisis revealed the economic growth divergence between
center and periphery in the European model. The creation of the Eurozone increased the
correlation link between the banking sector and the public debt. The European authorities’ role
is to break down the doom loop between public debt and banks. During the sovereign debt crisis
ECB exceeded its monetary policy objective of price stability through diverse operations
assimilated by the markets as debt monetization. The Banking Union framework should
approach three sensitive points related to fiscal sustainability, an integrated financial system
and an EMU shock absorption mechanism. |
| first_indexed | 2024-04-12T22:12:25Z |
| format | Article |
| id | doaj.art-d5e491227ac5493cb31ca97613b8a668 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-04-12T22:12:25Z |
| publishDate | 2017-03-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-d5e491227ac5493cb31ca97613b8a6682022-12-22T03:14:41ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292017-03-01XXIV129129818418678Banking Union framework and the stability of the European Banking sectorAndrei HREBENCIUC0 The Bucharest Academy of Economic Studies, Romania In the past few years, the ECB faced many challenges in conducting the monetary policy in Eurozone. The sovereign debt crisis revealed the economic growth divergence between center and periphery in the European model. The creation of the Eurozone increased the correlation link between the banking sector and the public debt. The European authorities’ role is to break down the doom loop between public debt and banks. During the sovereign debt crisis ECB exceeded its monetary policy objective of price stability through diverse operations assimilated by the markets as debt monetization. The Banking Union framework should approach three sensitive points related to fiscal sustainability, an integrated financial system and an EMU shock absorption mechanism. http://store.ectap.ro/articole/1264.pdf Banking Uniondebt monetizationprice stabilitypublic debtfinancial shock |
| spellingShingle | Andrei HREBENCIUC Banking Union framework and the stability of the European Banking sector Theoretical and Applied Economics Banking Union debt monetization price stability public debt financial shock |
| title | Banking Union framework and the stability of the European Banking sector |
| title_full | Banking Union framework and the stability of the European Banking sector |
| title_fullStr | Banking Union framework and the stability of the European Banking sector |
| title_full_unstemmed | Banking Union framework and the stability of the European Banking sector |
| title_short | Banking Union framework and the stability of the European Banking sector |
| title_sort | banking union framework and the stability of the european banking sector |
| topic | Banking Union debt monetization price stability public debt financial shock |
| url |
http://store.ectap.ro/articole/1264.pdf
|
| work_keys_str_mv | AT andreihrebenciuc bankingunionframeworkandthestabilityoftheeuropeanbankingsector |