The Banking and financial sector of the European Union during the debt crisis in the Euro area Cover Image

Банково-финансовият сектор на Европейския съюз през периода на дълговата криза в Еврозоната
The Banking and financial sector of the European Union during the debt crisis in the Euro area

Author(s): Viktor Dinev
Subject(s): Economy, Supranational / Global Economy, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Eurozone; Debt Crisis; Euro area; Banking Sector; Financial Sector
Summary/Abstract: This article reviews banking and financial sectors in the EU during the debt crisis among the Euro area member states. The research objective is the interdependence between the Euro area debt crisis and the banking and financial sectors in the EU. The thesis of the research states that it is necessary to continue the reforms in the institutional framework of the banking and financial sectors in the EU considering the present economic and political conditions. The author’s hypothesis is that reforms in question are overdue and insufficient for the efficient governance of the EU. The main goal of the paper is to underline the specific role and significance of the Eurozone debt crisis in the overall reformation of the EU and Eurozone institutional framework, and in particular, in the banking and financial sectors. The latter would be achieved through the following specific tasks: first, presentation of academic views on the banking and financial sectors in the EU; second, review of the main macroeconomic indicators relevant to the research topic; third, review of the banking and financial sectors in the EU during the crisis period.

  • Page Range: 86-95
  • Page Count: 10
  • Publication Year: 2017
  • Language: Bulgarian