Bulletin n. 2-3/2012 | ||
October 2012-February 2013 | ||
Noeth Bryan J., Sengupta Rajdeep |
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Global European Banks and the Financial Crisis | ||
in Federal Reserve Bank of St. Louis Review , November/December 2012 Vol. 94, No. 6 , 2012 , 457-480 | ||
This paper reviews some of the recent studies on international capital flows with a focus on the role of European global banks. It presents a revision to the commonly held “global saving glut” view that East Asian economies (along with oil-rich nations) were the dominant suppliers of capital that fueled the asset price boom in many parts of the world in the early 2000s. | ||