Pooling resources in a single pan-EU resolution fund would bring a number of positive elements into the resolution framework of cross-border banking crises: it would reduce the amount that would be subject to burden-sharing; it would increase risk diversification and additionally provide the right incentives for cooperation.
They have had a certain negative effect on savers and have potentially pushed up asset prices, but they have also had a positive effect in the form of economic growth, job creation and wage increases. According to our calculations, the net effect has added 2 percentage points to growth.