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http://ssrn.com/abstract=1414935
 
 

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The Financial Crisis in Europe: Evolution, Policy Responses and Lessons for the Future


John Goddard


University of Wales System - Bangor University

Philip Molyneux


Bangor University, Bangor Business School

John O. S. Wilson


University of St. Andrews

June 5, 2009


Abstract:     
This article provides an account of the development of the financial crisis in western Europe, primarily from a country-level and banking sector perspective, from 2007 to the spring of 2009. Measures enacted by governments and central banks to deal with impaired bank assets, recapitalize or otherwise resolve troubled banks, and inject liquidity into the banking system, are described. The article examines the longer-term policy lessons from the crisis, and considers a range of reform proposals aimed at creating a more secure and stable financial system.

Number of Pages in PDF File: 27

Keywords: European banking, cross-border banking, financial crisis, bank regulation, bank supervision

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Date posted: June 5, 2009  

Suggested Citation

Goddard, John and Molyneux, Philip and Wilson, John O. S., The Financial Crisis in Europe: Evolution, Policy Responses and Lessons for the Future (June 5, 2009). Available at SSRN: http://ssrn.com/abstract=1414935 or http://dx.doi.org/10.2139/ssrn.1414935

Contact Information

John Goddard
University of Wales System - Bangor University ( email )
Bangor, Gwynedd, Wales LL57 2DG
United Kingdom
Philip Molyneux
Bangor University, Bangor Business School ( email )
Bangor Gwynedd LL57 2DG, Wales
United Kingdom
01248 38 2170 (Phone)
John O. S. Wilson (Contact Author)
University of St. Andrews ( email )
College Gate
The Observatory Buchanan Gardens
Saint Andrews, Fife KY16 9SS
United Kingdom
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