{"product_id":"the-choice-for-banking-union-power-politics-and-the-trap-of-credible-commitments-9780367721879","title":"The Choice for Banking Union: Power, Politics and the Trap of Credible Commitments","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003e\n\u003cbr\u003eThe book explains why the European Union (EU) Member States agreed to establish banking union and chose its hybrid institutional design, analyzing the preferences of the Member States and EU institutions, negotiation dynamics, and latest developments in the three pillars of banking union. It also looks beyond the usual focus of the northern and southern coalition of states to underline the influence of powerful smaller Member States in the intergovernmental bargaining process. \u003c\/blockquote\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Hardback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 234 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 31 December 2021\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Taylor \u0026amp; Francis Ltd\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003cbr\u003eThe European Union (EU) Member States, in response to the euro crisis, took a significant step by agreeing to establish a banking union. Despite previous objections, they chose a hybrid institutional design that has garnered attention and analysis. This comprehensive book delves into the reasons behind this decision, examining the preferences of the Member States and EU institutions. It provides a detailed account of the negotiation dynamics and the latest developments in the three pillars of banking union, including the Single Supervisory Mechanism, the Single Resolution Mechanism, and the common backstop, as well as the European deposit insurance scheme.\u003cbr\u003e\u003cbr\u003eFurthermore, the book goes beyond the usual focus on the northern and southern coalition of states to highlight the influence of powerful smaller Member States in the intergovernmental bargaining process. Adopting a range of theoretical perspectives, it challenges the notion of solid northern and southern camps and reveals distinctive and particular positioning from individual countries throughout the process.\u003cbr\u003e\u003cbr\u003eThis book is a valuable resource for scholars and students of European financial market regulation, European economic governance, EU institutions, European integration theory, and EU politics more broadly. It offers insights into the complex dynamics that shaped the establishment of banking union and its implications for the future of the EU.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 506g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 162 x 240 x 22 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9780367721879\u003c\/p\u003e","brand":"ElenaRios Camacho","offers":[{"title":"Hardback","offer_id":44103693009146,"sku":"9780367721879","price":151.28,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/1646286282632_book.jpg?v=1646939938","url":"https:\/\/shulphink.com\/products\/the-choice-for-banking-union-power-politics-and-the-trap-of-credible-commitments-9780367721879","provider":"Shulph Ink","version":"1.0","type":"link"}