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The Future of Banking
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For better or worse, banking is back in the headlines. From the desperate efforts of crisis-struck Eurozone governments to the Occupy Wall Street movement currently
spreading across the globe, the future of banking is hotly debated. This VoxEU.org eBook presents a collection of essays by leading European and American economists
that discuss both immediate solutions to the on-going financial crisis and medium- to long-term regulatory reforms. Three years after the Lehman Brothers failure sent shockwaves through financial markets, banks are yet again in the centre of the storm. While in 2008 financial institutions “caused” the crisis and triggered widespread bailouts followed by fiscal stimulus programmes to limit the fall-out of the banking crisis for the rest of the economy, banks now seem to be more on the receiving end. The sovereign debt crisis in several southern European countries and potential large losses from a write-down of Greek debt make the solvency position of many European banks doubtful, which in turn explains the limited funding possibilities for many banks. As pointed by out many economists, including Charles Wyplosz in this collection of essays, policy mistakes have made a bad situation even worse.
Thorsten Beck - Personal Name
1st Edition
978-1-907142-46-8
London
The Future of Banking
Banking And Finance
English
Centre for Economic Policy Research
2011
London
1-103
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