"Poor bankers! Poor economists! You won't see people at their windows and on their balconies clapping for members of these two professions. Economists are decried for never having anticipated crises. Blame is levelled at bankers, perceived as blind to the obvious and driven by greed. Given the...

Wer ist wer? Was ist was? -- Die europäische Bankenkrise -- Die Schuldenkrise -- Ein unverhoffter Vorsitz -- Krise in Zypern: die Blaupause -- Die Bankenunion: Vom Bail-out zum Bail-in -- Griechenland am Abgrund -- "Schnaps und Frauen" -- Rückblick -- Die Zukunft der Währungsunion

This paper takes stock of European banks’ accumulated losses since 2007 and relates these to bank characteristics. In line with previous studies, we find that large, market-oriented banks were particularly hit by the 2007-2009 global financial crisis whereas smaller, retail-oriented banks...

This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....