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Financial crises and bank funding: recent experience in the euro area

  • Adrian Van Rixtel
  • Gabriele Gasperini

This paper provides an overview of bank funding trends in the euro area following the 2007-09 global financial crisis and the euro area crisis. It shows that funding has become segmented along national borders and that secured instruments are much more prevalent than previously. Rising debt retention by euro area banks has accompanied greater dependence on liquidity provided by the ECB.

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Paper provided by Bank for International Settlements in its series BIS Working Papers with number 406.

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Length: 36 pages
Date of creation: Mar 2013
Date of revision:
Handle: RePEc:bis:biswps:406
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  1. International Monetary Fund, 2012. "Short-Term Wholesale Funding and Systemic Risk; A Global Covar Approach," IMF Working Papers 12/46, International Monetary Fund.
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  18. Dinger, Valeriya & Craig, Ben, 2013. "Uncertainty and bank wholesale funding," Discussion Papers 39/2013, Deutsche Bundesbank, Research Centre.
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  29. Caruana, J. & Avdjiev, S., 2012. "Sovereign creditworthiness and financial stability:an international perspective," Financial Stability Review, Banque de France, issue 16, pages 71-85, April.
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