Global European banks and the financial crisis
Bryan J. Noeth and
Review, 2012, issue Nov, 457-480
This paper reviews some of the recent studies on international capital flows with a focus on the role of European global banks. It presents a revision to the commonly held ?global saving glut? view that East Asian economies (along with oil-rich nations) were the dominant suppliers of capital that fueled the asset price boom in many parts of the world in the early 2000s. It argues that the role of funding costs and a ?liberal? regulatory regime that allowed for an unprecedented expansion of the balance sheets of European banks was no less important. Finally, we describe the aftermath of the crisis in terms of some of the challenges faced by Europe as a whole and European banks in particular.
Keywords: Banks and banking; Financial crises; Europe (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:y:2012:i:november:p:457-480:n:v.94no.6
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Review from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by ().