摘要：In the US and the EU political incentives to oppose cross-border banking have been strong inspite of the measurable benefits to the real economy from breaking down geographic barriers.Even a federal level supervisor and safety net is not by itself sufficient to incentivizing crossborderbanking although differences in the institutional set up are reflected in the way the twoareas responded to the crisis. The US response was a coordinated response and the cost ofresolving banks was borne at the national level. Moreover, the FDIC could market failed banksto other banks irrespective of state boundaries reducing the cost of the crisis to the USeconomy and the sovereign finances. In the EU, the crisis resulted in financial marketfragmentation and unbearable costs to some sovereigns.
关键词：banks; international finance; European Union; United States
