Crisis Management, Burden Sharing and Solidarity Mechanisms in the EU: A follow-up study to Financial Supervision and Crisis Management in the EU
The financial crisis that began in 2007 as a liquidity crisis for banks has transformed itself into a sovereign debt crisis that threatens the viability of the eurozone and the foundations of the European Union. In this study, we analyse some of the recent regulatory initiatives in response to the crisis and their implications for the EU financial system and economy. Although EU policymakers are adopting important institutional reforms to create a more robust macro-prudential supervisory framework, serious gaps and weakness remain in EU regulation, crisis management, and burden sharing. We conclude that in liberalised international financial markets it will always be very difficult for regulators to control systemic risks and that alternative regulatory approaches should be considered.
Estudio
Autor externo
Professor Dr. Kern Alexander, Professor Lord Eatwell, Professor Avinash Persaud Mr. Robert Reoch - Centre for Financial Analysis and Policy, University of Cambridge
Acerca de este documento
Tipo de publicación
Ámbito político
Palabra clave
- ASUNTOS FINANCIEROS
- control de liquidez
- crisis monetaria
- Derecho bancario
- ECONOMÍA
- economía monetaria
- empréstito público
- fiscalidad
- hacienda pública y política presupuestaria
- impuesto sobre el capital
- instituciones financieras y de crédito
- libre circulación de capitales
- plan anticrisis
- política crediticia
- política económica
- reglamentación financiera
- relaciones monetarias