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 Banking and Finance, Cass Business School; Research Fellow, CEPR

Professor of Economics, University of Tilburg

Whately Professor of Political Economy at Trinity College Dublin and CEPR Research Fellow

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

Professor of Economics, European University Institute

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