Financial and capital market integration in Europe is now well-advanced, but it con-fronts a serious challenge in the design of workable arrangements for crisis prevention, management and resolution. The expansion of large, complex financial intermediaries exposes the limits of a supervisory regime based strictly on the traditional principle of home-country control. Contemporary European debates on last-resort lending, home-host supervisory responsibilities, and fiscal transfers clarify the fundamental challenge globalizing finance poses more generally for world order. Ultimately, they suggest the necessity of reliable, legitimate and effective instruments for financial burden sharing among integrating polities. JEL Classification: F36; F59...
The financial crisis posed new challenges for the administrations of Eurozone countries, including: ...
The integration of financial markets is a fast growing phenomenon worldwide, but especially in the E...
Despite the adopted measures of rigid budget economy, the countries of European Union are under the ...
The financial crisis has reopened debate on the architecture of financial regulation and prudential ...
How much can regional monitoring of financial markets and coordination of financial sector policies ...
Although the debate on financial stability in Europe focuses at what level action should be taken (c...
Financial markets have become globally interdependent, yet their governance has remained national at...
With the ripple effects of the global financial crisis of 2008 exhibiting enduring rifts in the glob...
Ideal Crisis Management Mechanism for Credit Institutions and Investment Firms in the European Union...
In the years leading up the global financial crisis, the European Union (EU) had emerged as a centra...
To overcome the regulatory pitfalls, regulatory capacity and resources in financial markets governan...
Financial integration in Europe is increasing. The emergence of large, cross-border banks poses new ...
We discuss some key issues related to supervisory arrangements in the Euro-system countries. In part...
With the completion of the single European market and the full liberalization of capital markets two...
The European financial architecture in an environment of liberalized capital markets, and the Europe...
The financial crisis posed new challenges for the administrations of Eurozone countries, including: ...
The integration of financial markets is a fast growing phenomenon worldwide, but especially in the E...
Despite the adopted measures of rigid budget economy, the countries of European Union are under the ...
The financial crisis has reopened debate on the architecture of financial regulation and prudential ...
How much can regional monitoring of financial markets and coordination of financial sector policies ...
Although the debate on financial stability in Europe focuses at what level action should be taken (c...
Financial markets have become globally interdependent, yet their governance has remained national at...
With the ripple effects of the global financial crisis of 2008 exhibiting enduring rifts in the glob...
Ideal Crisis Management Mechanism for Credit Institutions and Investment Firms in the European Union...
In the years leading up the global financial crisis, the European Union (EU) had emerged as a centra...
To overcome the regulatory pitfalls, regulatory capacity and resources in financial markets governan...
Financial integration in Europe is increasing. The emergence of large, cross-border banks poses new ...
We discuss some key issues related to supervisory arrangements in the Euro-system countries. In part...
With the completion of the single European market and the full liberalization of capital markets two...
The European financial architecture in an environment of liberalized capital markets, and the Europe...
The financial crisis posed new challenges for the administrations of Eurozone countries, including: ...
The integration of financial markets is a fast growing phenomenon worldwide, but especially in the E...
Despite the adopted measures of rigid budget economy, the countries of European Union are under the ...