Some Aspects Regarding The Recovery Of The European Banking Systems After The Financial Crisis
AbstractFrom the beginning of the crisis in 2007 the financial markets in Europe have lost approximately one half of their value and those in the emerging countries declined by at least three quarters. Also in the banking sector of the Western Europe and US a large portion of the equity portfolio that they’ve own are drastically reduced forcing many large banks to go insolvent or to request government aid. Governments, both in the US and in the EU have attempted to aid the banking system by recapitalizing the banks in trouble but these efforts proved badly designed and implemented. Currently financial markets in the Western Europe have stabilized but the signs of recovery are still weak especially for Central an East Europe countries, the so called “Emerging Europe”. Their banking systems are heavily depended on their western counterparts and they are still struggling to find their balance.
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Bibliographic InfoArticle provided by Romanian-American University in its journal Romanian Economic and Business Review.
Volume (Year): 5 (2010)
Issue (Month): 3 (September)
Banking Systems; Financial Crisis; Developments; Central and Eastern Europe;
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- Robert A. Eisenbeis & George G. Kaufman, 2007. "Cross-border banking: challenges for deposit insurance and financial stability in the European Union," Working Paper 2006-15, Federal Reserve Bank of Atlanta.
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