A Realistic Bridge Towards European Banking Union

Bruegel and the Peterson Institute both published this new paper, in which I emphasize the crucial importance of the handover of supervisory authority to the ECB in late 2014 and of its adequate preparation. This transition will most likely include a wave of bank restructuring that will shape the future of Europe's banking policy framework. 

Click here to upload the version published by Bruegel. 

Click here to upload the version published by PIIE. 

The texts of the two versions are identical. 

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