European Bank Restructuring During the Global Financial Crisis (1st ed. 2015) (Palgrave Macmillan Studies in Banking and Financial Institutions)

By: Jakub Kerlin and Paweł Smaga and Bartosz Witkowski and Anna Kozłowska and Elżbieta Malinowska-Misiąg and Agnieszka K. Nowak and Piotr Wiśniewski

Sign Up Now! Already a Member? Log In
You must be logged into UK education collection to access this title. Learn about membership options, or view our freely available titles.

Synopsis: This book explores the diversity of restructuring instruments applied to financial institutions in EU countries during the Global Financial Crisis. It investigates the cost of that support before evaluating its effects, as well as providing an extensive analysis of the measures undertaken. The first chapter presents a historical outline, discusses causes of crises, and offers an overview of the restructuring instruments and of how they were used for crisis management before 2007. The following chapters explore the financial environment in the EU before the crisis outbreak, the rescue actions and financial landscape after the events of the crisis. This book offers a critical and thorough analysis of the financial support provided to banks, providing case studies of over 95 banks from 17 EU member states. The authors provide an in-depth study of the pre and post-crisis landscape, and demonstrate that the crisis has by no means been overcome.