Publication of the week: J.E. Castañeda, D.G. Mayes & G. Wood

Castañeda, Juan E., David G. Mayes & Geoffrey Wood (eds), European Banking Union: Prospects and Challenges (Abingdon: Routledge, 2016). ISBN: 978-1-13-890650-1.

Recent failures and rescues of large banks have resulted in colossal costs to society. In the wake of such turmoil a new banking union must enable better supervision, pre-emptive coordinated action and taxpayer protection. While these aims are meritorious they will be difficult to achieve. This book explores the potential of a new banking union in Europe.

The book brings together leading experts to analyse the challenges of banking in the European Union. While not all contributors agree, the constructive criticism provided in this book will help ensure that a new banking union will mature into a stable yet vibrant financial system that encourages the growth of economic activity and the efficient allocation of resources.

This book will be of use to researchers interested in banking, monetary economics and the European Union.

More about the book on the Routledge website.

Dr Juan Castañeda is Lecturer in Economics at The University of Buckingham and Director of the Institute of International Monetary Research.  Professor Geoffrey Wood is Emeritus Professor at Buckingham.  They have co-edited the book with Professor David Mayes of Auckland University, and also written chapter 1 with him: “Banking Union in Europe”.