Guðmundsson, Már - In: OECD Journal: Financial Market Trends 2011 (2011) 2, pp. 85-95
This paper discusses the fault lines in cross-border banking, both at the global level and at the European Union/European Economic Area (EU/EEA) level, using the case of the three Icelandic cross-border banks as an example. Cross-currency liquidity risk built up prior to the crisis, especially...