search for books and compare prices
Banking Union As a Shock Absorber: Lessons for the Eurozone from the US
By
Daniel Gros and
Ansgar Belke
Price
Store
Arrives
Preparing
Shipping
Jump quickly to results on these stores:
The price is the lowest for any condition, which may be new or used; other conditions may also be available.
Bibliographic Detail
Publisher
Ctr for European Policy Studies
Publication date
December 16, 2015
Pages
82
Binding
Hardcover
Book category
Adult Non-Fiction
ISBN-13
9781783485949
ISBN-10
1783485949
Dimensions
0.25 by 6.50 by 9.50 in.
Weight
0.75 lbs.
Published in
Great Britain
Original list price
$65.00
Summaries and Reviews
Amazon.com description: Product Description: The Great Financial Crisis, which started in 2007-08, was originally called the âsub-primeâ crisis because its origins could be traced to excessive lending in the real estate sector in the US, concentrated mostly in sunbelt states like Nevada, Florida and California. There were similar pockets of excess lending for housing in Europe, notably in Ireland and Spain. But a key difference emerged later: in Ireland and Spain, the local banking systems almost collapsed and the governments experienced severe financial stress with large macroeconomic costs. Nothing similar happened in the US. The local financial system remained fully functional and the local governments did not experience increased financial stress in the states with the biggest real estate booms, like Nevada or Florida.
This book illustrates how the structure of the US banking market and the existence of federal institutions allowed regional financial shocks to be absorbed at the federal level in the US, thus avoiding local financial crisis. The authors argue that the experience of the US shows the importance of a âbanking unionâ to avoid severe regional (national) financial dislocation in the wake of regional boom and bust cycles. They also discuss the extent to which the institutions of the partial banking union, now in the process of being created for the euro area, should be able to increase its capacity to deal with future regional boom and bust cycles, thereby stabilising the single currency.
This book illustrates how the structure of the US banking market and the existence of federal institutions allowed regional financial shocks to be absorbed at the federal level in the US, thus avoiding local financial crisis. The authors argue that the experience of the US shows the importance of a âbanking unionâ to avoid severe regional (national) financial dislocation in the wake of regional boom and bust cycles. They also discuss the extent to which the institutions of the partial banking union, now in the process of being created for the euro area, should be able to increase its capacity to deal with future regional boom and bust cycles, thereby stabilising the single currency.
Editions
Hardcover
The price comparison is for this edition
With Daniel Gros |
from Ctr for European Policy Studies (December 16, 2015)
9781783485949 | details & prices | 82 pages | 6.50 × 9.50 × 0.25 in. | 0.75 lbs | List price $65.00
About: The Great Financial Crisis, which started in 2007-08, was originally called the âsub-primeâ crisis because its origins could be traced to excessive lending in the real estate sector in the US, concentrated mostly in sunbelt states like Nevada, Florida and California.
About: The Great Financial Crisis, which started in 2007-08, was originally called the âsub-primeâ crisis because its origins could be traced to excessive lending in the real estate sector in the US, concentrated mostly in sunbelt states like Nevada, Florida and California.
Paperback
With Daniel Gros |
from Ctr for European Policy Studies (December 14, 2015)
9781783485956 | details & prices | 82 pages | 6.00 × 9.00 × 0.20 in. | 0.35 lbs | List price $22.50
About: This study investigates the shock-absorbing properties of a banking union.
About: This study investigates the shock-absorbing properties of a banking union.
Pricing is shown for items sent to or within the U.S., excluding shipping and tax. Please consult the store to determine exact fees. No warranties are made express or implied about the accuracy, timeliness, merit, or value of the information provided. Information subject to change without notice. isbn.nu is not a bookseller, just an information source.