Impact of Bank Bailouts on the European Integration
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25940082%3A_____%2F16%3AN0000019" target="_blank" >RIV/25940082:_____/16:N0000019 - isvavai.cz</a>
Result on the web
<a href="https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-dokumentu/ICEI-2016_Sbornik_Komplet_Web_FINAL.pdf" target="_blank" >https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-dokumentu/ICEI-2016_Sbornik_Komplet_Web_FINAL.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Impact of Bank Bailouts on the European Integration
Original language description
Between October 2008 - November 2014 European Commission has approved € 5 763 billion of financial state aid to the bank bail-outs (39% of the EU GDP). In a short term state interventions stabilized the financial markets, however in the long term the effect of massive bailouts can be negative as they distort competition in multiple ways. Although the European Union (EU) as a whole shows signs of growth, the public debts continue to grow as well and thus create new systemic risk to financial stability. Financial state aid provision to the problematic banks together with sovereign debt crisis and euro-area crisis gave rise the development of the European Banking Union, which centralizes the major banks supervision and resolution of banks in Eurozone and thus opens a door for closer integration.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 3rd International Conference on European Integration 2016
ISBN
978-80-248-3911-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
1111-1119
Publisher name
VŠB -Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
May 19, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000387986300125