New European Banking Governance and Crisis of Democracy: Bank Restructuring and Privatization in Slovenia |
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Authors: | Dóra Piroska Ana Podvršič |
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Institution: | 1. Department of International Relations, Central European University, Budapest, Hungary;2. Department of Economic Policy, Corvinus University of Budapest, Budapest, Hungary piroskad@ceu.edu https://orcid.org/0000-0002-4346-8047;4. Centre for Southeast European Studies, University of Graz, Graz, Austria |
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Abstract: | ABSTRACT The paper makes three contributions to the understanding of the post-crisis European banking governance. First, it offers a more comprehensive approach to banking governance, beyond the Banking Union, through its concept of ‘New European Banking Governance’ (NEBG) that incorporates EU state aid rules and fiscal regulations. Second, it considers the impact of NEBG on democratic institutions and processes in EU member states, an under-researched topic in the literature on European banking governance. Finally, through its in-depth case study of Slovenia it considers the NEBG in relation to peripheral Eurozone states. It argues that the post-crisis banking governance framework of the EU not only severely constrained the Slovenian state in its policy choices but rearranged its policy-making institutions in a way that restricted and continues to restrict democratic banking policy formation. |
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Keywords: | Slovenia banking state aid fiscal coordination Banking Union |
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