UZH-Logo

Maintenance Infos

Crisis management, burden sharing and solidarity mechanisms in the EU: a follow-up study to financial supervision and crisis management in the EU


Alexander, Kern; Eatwell, John; Persaud, Avinash; Reoch, Robert (2010). Crisis management, burden sharing and solidarity mechanisms in the EU: a follow-up study to financial supervision and crisis management in the EU. Brussels, Belgium: European Parliament, Policy Department.

Abstract

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.

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.

Downloads

845 downloads since deposited on 01 Mar 2011
105 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Monograph
Communities & Collections:02 Faculty of Law > Institute of Legal Sciences > Business Law
Dewey Decimal Classification:340 Law
Language:English
Date:June 2010
Deposited On:01 Mar 2011 10:08
Last Modified:05 Apr 2016 14:51
Publisher:European Parliament, Policy Department
Series Name:[Report of the European Parliament. Study]
Number of Pages:64
Additional Information:Reference: IP/A/CRIS/ST/2010-02, PE 440.284
Related URLs:http://www.europarl.europa.eu/committees/en/studiesdownload.html?languageDocument=EN&file=31711 (Publisher)
Permanent URL: https://doi.org/10.5167/uzh-47260

Download

[img]
Preview
Filetype: PDF
Size: 953kB

TrendTerms

TrendTerms displays relevant terms of the abstract of this publication and related documents on a map. The terms and their relations were extracted from ZORA using word statistics. Their timelines are taken from ZORA as well. The bubble size of a term is proportional to the number of documents where the term occurs. Red, orange, yellow and green colors are used for terms that occur in the current document; red indicates high interlinkedness of a term with other terms, orange, yellow and green decreasing interlinkedness. Blue is used for terms that have a relation with the terms in this document, but occur in other documents.
You can navigate and zoom the map. Mouse-hovering a term displays its timeline, clicking it yields the associated documents.

Author Collaborations