| Description |
1 online resource (261 p.) |
| Series |
Routledge Research in Finance and Banking Law Ser |
|
Routledge Research in Finance and Banking Law Ser
|
| Contents |
Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- List of main legal instruments and sources -- List of cases -- List of abbreviations and acronyms -- Preface -- Introduction -- Chapter 1 The sovereign-banks nexus: An economic analysis -- 1.1 Introductory remarks -- 1.2 Brief historical overview -- 1.3 Why do banks hold domestic sovereign debt? -- 1.3.1 Discrimination and selective defaults -- 1.3.2 Pro-cyclicality of sovereign debt -- 1.3.3 Moral suasion and financial repression |
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1.3.4 Sovereign debt's preferential regulatory treatment and use as collateral -- 1.3.5 Concluding remarks -- 1.4 The sovereign-banks nexus -- 1.4.1 From sovereigns to banks -- 1.4.2 From banks to sovereigns -- 1.4.3 From banks to other banks and to other financial institutions -- 1.4.4 From banks to the real economy (and vice versa) -- 1.4.5 From the real economy to the sovereign (and vice versa) -- 1.4.6 Particular relevance for countries in a monetary union -- 1.4.7 Concluding remarks -- Chapter 2 Case studies from the European sovereign debt crisis |
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2.1 Effects of commercial bank crises on sovereigns -- 2.1.1 Introductory remarks -- 2.1.2 The case of Ireland -- 2.1.3 The case of Cyprus -- 2.1.4 Concluding remarks -- 2.2 Effects of sovereign crises on commercial banks -- 2.2.1 Introductory remarks -- 2.2.2 The case of Greece -- 2.2.3 The case of Cyprus -- 2.2.4 Conclusions -- Chapter 3 An economic analysis of policy options -- 3.1 Introductory remarks -- 3.2 Fiscal policy and why fiscal measures may not be sufficient |
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3.3 Closing the first channel of contagion from banks to sovereigns: Is the European Banking Union an optimal policy response? -- 3.4 Closing the second channel of contagion from sovereigns to banks -- 3.4.1 Revision of the regulatory treatment of sovereign debt holdings and its challenges -- 3.4.2 Safe assets -- 3.4.3 Eurobonds -- Chapter 4 Closing the first channel of contagion from banks to sovereigns: Hitherto European actions and their critique -- 4.1 Introductory remarks -- 4.2 The single supervisory mechanism: Overview of legal and operational shortcomings and concerns |
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4.2.1 Operational set-up and related concerns -- 4.2.2 Other legal concerns and open questions -- 4.3 Bank recovery and resolution directive and the single resolution mechanism: Overview and shortcomings -- 4.3.1 From the bank recovery and resolution directive to the single resolution mechanism -- 4.3.2 Single resolution mechanism and single resolution fund -- 4.3.3 Remaining challenges in the field of resolution -- 4.4 European deposit guarantee scheme: Overview and state of play -- 4.5 Other institutional and legal concerns thrown up by the European Banking Union |
| Notes |
Description based upon print version of record |
|
4.6 Centralisation of emergency liquidity assistance provision as a means of closing the first channel of contagion? |
| Subject |
Debts, Public-Law and legislation-European Union countries
|
| Form |
Electronic book
|
| Author |
Vouldis, Angelos T
|
| ISBN |
9781000423082 |
|
1000423085 |
|
