European Banking, Past, Present and Future

Cross‐Border Lending Contagion in Multinational Banks

“…Both observations indicate that the legal structure may not be the prime factor of relevance. Accordingly, our analysis can be considered complementary to those papers directly addressing the organizational-form aspects of bank risks (Calzolari and Lóránth 2004, Dermine 2003, Lóránth and Morrison 2003.…”

Central Banks and Financial Authorities in Europe: What Prospects?

“…Large financial institutions such as ABN AMRO and Deutsche Bank report to over 20 supervisors in the EU (EFC, 2002a). So far, there has been little research on the factors that determine the choice of financial institutions between establishing a branch and a subsidiary to enter other EU countries (Dermine, 2003). With the enlargement of the EU, further research on this issue will be worthwhile.…”

Apocalypse Then: The Evolution of the North Atlantic Economy and the Global Crisis

“…The push for a single European financial market drove an increase in competition across European Union banks that led to an aggressive search for profits from balance sheet expansion (see Dermine (2003)). While the US banking system had always been highly dynamic and competitive, the splintered European market was traditionally sleepy and overbanked.…”