Five lessons from the Spanish cajas debacle for a new euro-wide supervisor
Garicano, L.
(2012).
Five lessons from the Spanish cajas debacle for a new euro-wide supervisor.
In
Beck, T.
(Ed.),
Banking Union for Europe - Risks and Challenges
(pp. 77-84).
Vox EU, Centre for Economic Policy Research (CEPR).
(2012).
Five lessons from the Spanish cajas debacle for a new euro-wide supervisor.
In
Beck, T.
(Ed.),
Banking Union for Europe - Risks and Challenges
(pp. 77-84).
Vox EU, Centre for Economic Policy Research (CEPR).
Economists in the Eurozone seem set on the principle of a single supervisory body to make up a part of a new banking union. This column argues that when thinking about the inner workings of this new institution, we need to learn from the mistakes of the Spanish regulators in dealing with the cajas.