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Some Aspects Regarding The Recovery Of The European Banking Systems After The Financial Crisis

Author

Listed:
  • Dan Micuda

    (University. “Constantin Brancoveanu”)

  • Sorin Visinescu

    (Academy of Economic Studies)

Abstract

From 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.

Suggested Citation

  • Dan Micuda & Sorin Visinescu, 2010. "Some Aspects Regarding The Recovery Of The European Banking Systems After The Financial Crisis," Romanian Economic Business Review, Romanian-American University, vol. 5(3), pages 246-257, September.
    • Handle: RePEc:rau:journl:v:5:y:2010:i:3:p:246-257
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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/FA10/REBE-FA10-A19.pdf
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    References listed on IDEAS

    as
    1. Robert A. Eisenbeis & George G. Kaufman, 2006. "Challenges for Deposit Insurance and Financial Stability in Cross-Border Banking Environments with Emphasis on the European Union," World Scientific Book Chapters, in: Gerard Caprio Jr & Douglas D Evanoff & George G Kaufman (ed.), Cross-Border Banking Regulatory Challenges, chapter 22, pages 331-347, World Scientific Publishing Co. Pte. Ltd..
    2. Mayes, David G. & Nieto, María J. & Wall, Larry, 2008. "Multiple safety net regulators and agency problems in the EU: Is Prompt Corrective Action partly the solution?," Journal of Financial Stability, Elsevier, vol. 4(3), pages 232-257, September.
    3. Dirk Schoenmaker & Christiaan van Laecke, 2007. "Current State of Cross-Border Banking," World Scientific Book Chapters, in: Douglas D Evanoff & George G Kaufman & John R LaBrosse (ed.), International Financial Instability Global Banking and National Regulation, chapter 5, pages 39-63, World Scientific Publishing Co. Pte. Ltd..
    4. Praet, Peter & Nguyen, Grégory, 2008. "Overview of recent policy initiatives in response to the crisis," Journal of Financial Stability, Elsevier, vol. 4(4), pages 368-375, December.
    5. Robert A. Eisenbeis & George G. Kaufman, 2007. "Cross-border banking: challenges for deposit insurance and financial stability in the European Union," FRB Atlanta Working Paper 2006-15, Federal Reserve Bank of Atlanta.
    Full references (including those not matched with items on IDEAS)

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