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

Franklin Allen
Professor of Finance and Economics, Wharton School, University of Pennsylvania
Thorsten Beck
Professor of Banking and Finance, Cass Business School; Professor of Economics, Tilburg University; Research Fellow, CEPR
Elena Carletti
Professor of Economics, European University Institute
Whately Professor of Political Economy at Trinity College Dublin and CEPR Research Fellow
Dean of the Duisenberg School of Finance and Professor of Finance, Banking and Insurance at the VU University Amsterdam
Wolf Wagner
Professor of Economics, University of Tilburg