Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies

Thorsten Beck, Wolf Wagner, Philip Lane, Dirk Schoenmaker, Elena Carletti, Franklin Allen 20 June 2011



Table of Contents


Executive Summary

1 Cross-Border Banking in Europe: From Boom to Bust

2 Cross-Border Banking and Financial Stability

3 Macroeconomic Aspects of Cross-Border Banking

4 Policy Implications

Professor of Financial Stability and Director, Florence School of Banking and Finance, EUI; CEPR Research Fellow

Professor of Finance, Rotterdam School of Management

Governor, Central Bank of Ireland; Whately Professor of Political Economy, Trinity College Dublin (on leave); CEPR Research Fellow

Professor of Banking and Finance at the Rotterdam School of Management, Erasmus University Rotterdam; Non-Resident Fellow, Bruegel; and Research Fellow, CEPR

Professor of Finance, Bocconi University; founder and Scientific Director, Florence School of Banking and Finance, European University Institute

Professor of Finance and Economics, Imperial College London; Executive Director of the Brevan Howard Centre


CEPR Policy Research