Economics, Econometrics and Finance
8 years ago

European Banking Union fails to complete puzzle of Economic and Monetary Union.

Financial and monetary policy studies
The European Banking Union and the Economic and Monetary Union: The Puzzle Is Yet to Be Completed
Nuno Cunha Rodrigues, José Renato Gonçalves

Paper Summary

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The European Banking Union was created to fix problems in the European monetary system after the financial crisis of 2007-2008. However, it is not enough to make the system strong and secure. The puzzle of European monetary unification is still not complete.