Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 210-223 |
| Number of pages | 14 |
| Journal | Journal of Economic Policy Reform |
| Volume | 21 |
| Issue number | 3 |
| Early online date | 27 Dec 2017 |
| DOIs | |
| Publication status | Published - 2018 |
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Keywords
- deposit insurance
- sovereign risk
- Banking Union
- EMU
- advocacy coalitions
Cite this
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Advocacy coalitions and the lack of deposit insurance in Banking Union. / Donnelly, Shawn (Corresponding Author).
In: Journal of Economic Policy Reform, Vol. 21, No. 3, 2018, p. 210-223.Research output: Contribution to journal › Article › Academic › peer-review
TY - JOUR
T1 - Advocacy coalitions and the lack of deposit insurance in Banking Union
AU - Donnelly, Shawn
PY - 2018
Y1 - 2018
N2 - This paper shows that advocacy coalitions surrounding the establishment of a European Deposit Insurance System lead to spillovers into incompatible areas. Alternative spillovers were to increased public backstops and state aid. Intent to minimize costs, Germany and the Netherlands have pushed for wide-ranging risk reduction measures: that go to the core of financial practices in southern Europe, while Italy has pushed for greater public backstops and state aid within EMU. Unable to break the deadlock in Council, the EU awaits Basel Committee guidance on how to deal with sovereign risk exposures in its 2017–2018 work program.
AB - This paper shows that advocacy coalitions surrounding the establishment of a European Deposit Insurance System lead to spillovers into incompatible areas. Alternative spillovers were to increased public backstops and state aid. Intent to minimize costs, Germany and the Netherlands have pushed for wide-ranging risk reduction measures: that go to the core of financial practices in southern Europe, while Italy has pushed for greater public backstops and state aid within EMU. Unable to break the deadlock in Council, the EU awaits Basel Committee guidance on how to deal with sovereign risk exposures in its 2017–2018 work program.
KW - deposit insurance
KW - sovereign risk
KW - Banking Union
KW - EMU
KW - advocacy coalitions
U2 - 10.1080/17487870.2017.1400437
DO - 10.1080/17487870.2017.1400437
M3 - Article
VL - 21
SP - 210
EP - 223
JO - Journal of Economic Policy Reform
JF - Journal of Economic Policy Reform
SN - 1748-7870
IS - 3
ER -