Eurozone requires both banking and capital markets union – panellists
Status quo is highly procyclical and hampers risk sharing, IMF conference hears
The eurozone needs to complete both the banking and capital markets union in order to foster risk-sharing and correct the procyclicality of the current system, researchers say.
The findings were discussed at the “Euro at 20” conference jointly organised by the International Monetary Fund and the Central Bank of Ireland, held in Dublin on June 26.
In Are banking and capital markets union complements? Evidence from channels of risk sharing in the eurozone, Mathias Hoffman from the University
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