Bert Smid, Beau Soederhuizen, Rutger Teulings on 29 August 2018: New VoxEU Column The transition to a banking union for the EMU
The transition to a European banking union is not straightforward. A key issue is how to prioritise risk sharing and risk reduction. This column examines three possible approaches, describing the respective transition scenarios and analysing the consequences for banks during the transition phase. None of the scenarios is optimal for all countries, but waiting too long may lead to solutions needing to be found under the pressure of a new crisis.