The Impact of European Financial Integration on Economic Growth

Juan Fernández Guevara and Joaquin Maudos ()

Chapter 3 in New Issues in Financial and Credit Markets, 2010, pp 41-52 from Palgrave Macmillan

Abstract: Abstract The international financial crisis that started in the summer of 2007 with the sub-prime crisis in the US, and became more widespread in the summer of 2008, triggered a dramatic decline in financial market activity. Once the financial turmoil exploded, it spread rapidly to the rest of the economy, having a virulent impact. Many of the economies around the world are witnessing one of the worst recessions since the 1929 crash and the Great Depression of the 1930s.

Keywords: Financial Crisis; Euro Area; Financial Development; Credit Market; Financial Integration (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30218-1_4

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DOI: 10.1057/9780230302181_4

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