Nicolas Véron, Monday, October 29, 2012

Eurozone leaders are firmly committed to a banking union, at least on paper. But do Member States agree on the current proposals? And what do these proposals leave out? This column argues that a dangerous combination of disagreements between Member States over contentious issues and pitfalls in the design of new institutions may well ensnare the Eurozone along its faltering path towards recovery.

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Eurozone leaders are firmly committed to a banking union, at least on paper. But do Member States agree on the current proposals? And what do these proposals leave out? This column argues that a dangerous combination of disagreements between Member States over contentious issues and pitfalls in the design of new institutions may well ensnare the Eurozone along its faltering path towards recovery.

Charles Wyplosz, Tuesday, October 16, 2012

Countries have various mechanisms that provide lending when a bank fails. But when bank problems far exceed available resources, central banks must be lenders of last resort, even when their role is clouded to mitigate moral hazard. This column explains the ECB is ill-equipped to act as such a lender; it doesn’t have enough control due to coordination problems across countries. The column argues this must change. The ECB must be the lender of last resort and this involves a Eurozone banking union.

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SUERF/CEPS/BFF Conference followed by SUERF Annual Lecture 2009

Sessions on:

<ul>Provision of liquidity and Lender of Last Resort operations: effectiveness, governance, cross-border and cross currency issues</ul>
<ul>Cross-border bank resolution</ul>
<ul>Deposit guarantee schemes: How to re-establish clients’ confidence</ul>
<ul>Limits of the "Lender of Last Resort", "Too big to fail" and "Too big to save" theses</ul>

<strong>Followed by the 2009 SUERF Annual Lecture to be delivered by Jaime Caruana, General Manager, Bank for International Settlements</strong>

Participation free of charge for members of SUERF, CEPS and the Belgian Financial Forum, <strong>non-members EUR 100</strong>

Sylvester Eijffinger, Thursday, December 4, 2008

This column introduces the newest Policy Insight on what the EU has been doing and should be doing in terms of managing the global crisis.

Michael Bordo, Harold James, Wednesday, June 18, 2008

The IMF needs a new job. This column makes the case for the bold proposal that the IMF should manage a significant part of the new surplus countries’ sovereign wealth funds.

Events