European Central Bank. …

securities. In that way, institutional investors contribute to financial integration and risk sharing in Europe's Capital Markets …. This development of Europe's capital markets combined with the migration of capital markets activities from London to the …

This paper reviews the state of the banking sector in Europe. At the aggregate level, the empirical data suggest that … bank level, the top tertile of well-capitalized banks (with a market based leverage ratio well above 4%) continues lending … market thus gives a lower value to these banks.Our findings provide prima facie evidence of a credit crunch in Europe …

This paper reviews the state of the banking sector in Europe. At the aggregate level, the empirical data suggest that … the bank level, the top tertile of well-capitalised banks (with a market based leverage ratio well above 4%) continues … market thus gives a lower value to these banks. Our findings provide prima facie evidence of a credit crunch in Europe …