Advocacy coalitions and the lack of deposit insurance in Banking Union

Shawn Donnelly (Corresponding Author)

Research output: Contribution to journalArticleAcademicpeer-review

4 Citations (Scopus)
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Abstract

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.
Original languageEnglish
Pages (from-to)210-223
Number of pages14
JournalJournal of Economic Policy Reform
Volume21
Issue number3
Early online date27 Dec 2017
DOIs
Publication statusPublished - 2018

Fingerprint

Banking union
Spillover
Deposit insurance
State aid
Advocacy
Guidance
Risk exposure
Risk reduction
Germany
Italy
Sovereign risk
The Netherlands
Deadlock
Costs
Basel Committee

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 journalArticleAcademicpeer-review

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