Český finanční a účetní časopis 2012(3):18-27 | DOI: 10.18267/j.cfuc.318

Is the European Banking Union a Future for the Stability of the European Banking?

Petr Dvořák
Doc. Ing. Petr Dvořák, Ph.D. - docent; Katedra bankovnictví a pojišťovnictví, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <dvorakp@vse.cz>.

This paper deals with the definition of the content and objectives of the European banking union. It discusses the mutual relations between the various banking union's elements. Although banking union is a logical continuation of the European integration, the author does not recommend current implementing of banking union. If European banking union was implemented, the Czech Republic should try to negotiate the terms of eliminating the risk for the Czech banking sector and of ensuring equal status in comparison with the euro area countries, but should not remain outside the banking union. The current stability of the Czech banking system may not be permanent and the associated risks for us as a non-member banking union may be much greater than the possible negative impacts that may arise for us if we became the part of the banking union.

Keywords: Banking Union; European Banking; Eurozone.
JEL classification: G21, G28

Published: October 1, 2012  Show citation

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Dvořák, P. (2012). Is the European Banking Union a Future for the Stability of the European Banking? Czech Financial and Accounting Journal, 2012(3), 18-27. doi: 10.18267/j.cfuc.318
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    References

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