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

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Table of Contents

Foreword

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