BIS Review 114/2006  3  Market discipline, however, may not always be fully effective in this context. The development of the federal safety net - deposit insurance, the discount window, and access to Fedwire and daylight overdrafts - has inevitably impeded the workings of market discipline in the regulatory arena.
You have chosen to pay tribute to "the euro – our money". For more than a decade now, monetary union has been a focus of public attention and a major issue of public debate.