Like all institution-building this work is not complete (and probably never will be), but Banking Union is about the single market, competition and innovation. These are not currency issues, and Denmark would benefit from joining the Banking Union.
11  Lo Duca M., Nicoletti G., Vidal Martinez A. (2014), “Global Corporate Bond Issuance. What Role for US Quantitative Easing”, ECB Working Paper No. 1649, March 2014. 12  Fratzscher M., Lo Duca M., Straub R. (2013), “On the International Spillovers of US Quantitative Easing”, ECB Working Paper No. 1557, June 2013.