Financial Crises and Bank Funding: Recent Experience in the Euro Area

36 Pages Posted: 12 Apr 2013

See all articles by Adrian A. R. J. M. van Rixtel

Adrian A. R. J. M. van Rixtel

European Central Bank (ECB)

Gabriele Gasperini

Bank for International Settlements (BIS) - Monetary and Economic Department

Date Written: March 2013

Abstract

This paper provides an overview of bank funding trends in the euro area following the 2007-09 global financial crisis and the euro area crisis. It shows that funding has become segmented along national borders and that secured instruments are much more prevalent than previously. Rising debt retention by euro area banks has accompanied greater dependence on liquidity provided by the ECB.

Keywords: euro area, financial crisis, bank funding, renationalisation, secured issuance, debt retention

JEL Classification: G01, G21

Suggested Citation

van Rixtel, Adrian A.R.J.M. and Gasperini, Gabriele, Financial Crises and Bank Funding: Recent Experience in the Euro Area (March 2013). BIS Working Paper No. 406, Available at SSRN: https://ssrn.com/abstract=2229883

Adrian A.R.J.M. van Rixtel

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Gabriele Gasperini

Bank for International Settlements (BIS) - Monetary and Economic Department

Centralbahnplatz 2
CH-4002 Basel
Switzerland

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