The Euro Crisis Lecture Series: Flipping a Coin: a single Banking Area in a single Currency Area?

Speaker: Prof. Jaap Bos
Title: Flipping a Coin: a single Banking Area in a single Currency Area?
Date: 9 April 2014

Description: For economists, the feasibility of a single currency depends on the existence of an optimum currency area. In this talk, we ask whether there is also such a thing as an optimum banking area. How can we define that area? Does the EU constitute an optimum banking area? And what are the costs and the benefits of establishing a single banking market if the EU is not an optimum banking area?

Background: On September 15, 2008, Lehman Brothers, one of the most prestigious players on Wall Street, filed for bankruptcy. This marked the beginning of the biggest financial crisis since the Great Depression in the 1930s. Is the end of this crisis near or still far away? In the past few months, it has seemed as if things are slowly getting better in Europe and the US. But have sufficient changes been made for a sustainable future or are we back on the same track with even more to come and lots of bubbles still to burst? In this series we look at the opportunities and the threats.

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