The European Union is increasingly being asked to manage crises inside and outside the
Union. From terrorist attacks to financial crises, and natural disasters to international …

This research examines the regulatory response of the European Union to the global
financial crisis, addressing the questions of whether, how and why the global financial crisis …

For well over a decade many observers had warned that the European Union was ill-
prepared in case of a financial storm because its market integration far outpaced its policy …

This article analyses the response of the European Union (EU) to the financial crisis in 2008
under the headings of liquidity, recapitalization and ownership of banks, macroeconomic …

We study the optimal joint design of prudential supervision and deposit guarantee
regulations in a multi-country, integrated banking market, where policy-makers have …

What explains regulators' preferences concerning the Single Supervisory Mechanism
(SSM)? The paper answers this question by providing an alternative account of the creation …

Financial and capital market integration in Europe is now well-advanced, but it confronts a
serious challenge in the design of workable arrangements for crisis prevention …

(From introduction). By many standards, economic and monetary union (EMU) is a major
success. The transition to the new currency was remarkably smooth. The euro area has …

The evolution of the EU supervisory architecture has demonstrated that it took the risk of a
euro break-up to barely overcome the Member States and their supervisors' political …

The reform of bank supervision represents a significant institutional challenge for the
European Union. This paper explores the merits of a choice-oriented approach under which …