Banking Distress in Europe in the Context of the Global Financial Crisis – the Role of Capital Flows

Mislav Brkic ()

No 36, Surveys from The Croatian National Bank, Croatia

Abstract: This paper describes three different channels through which the global financial crisis affected European banks. The first channel was related to the direct losses that they took as a result of their exposure to mortgage-backed securities in the US. The second channel was related to the deterioration of global liquidity conditions after the failure of Lehman Brothers in September 2008. Finally, the third channel appeared in countries with severe macroeconomic imbalances, whose sharp correction during the financial crisis caused a deep recession, resulting in significant credit losses in their banks. A better understanding of these issues is required in order to define appropriate policies to enhance the resilience of European banks.

Keywords: CompNet; banking crisis; capital flows; financial integration (search for similar items in EconPapers)
JEL-codes: E52 E58 F36 G01 G21 (search for similar items in EconPapers)
Date: 2019-06
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.hnb.hr/repec/hnb/wpaper/pdf/s-036.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.hnb.hr/repec/hnb/wpaper/pdf/s-036.pdf [302 Moved Temporarily]--> https://www.hnb.hr/repec/hnb/wpaper/pdf/s-036.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hnb:survey:36

Access Statistics for this paper

More papers in Surveys from The Croatian National Bank, Croatia
Bibliographic data for series maintained by Romana Sinković ().