From Wall Street to Main Street – A European perspective
Credit, Currency, or Derivatives: Instruments of Global Financial Stability Or crisis?
ISBN: 978-1-84950-601-4, eISBN: 978-1-84950-602-1
Publication date: 9 November 2009
Abstract
Starting in 2007 financial markets experienced a time of serious crisis that spread from the United States housing market and affected banks worldwide. In this article, we analyze the spreading of the crisis from Wall Street to Main Street in the specific context of the different European Markets and based on reactions of deposit holders. We show how elements of crisis affect Main Street and discuss the policy moderation of that transmission. This allows to collect evidence for the implication of the described moderation in an integrated financial market and the role of deposit insurances in financial turmoil.
Citation
Mattig, A. and Morkoetter, S. (2009), "From Wall Street to Main Street – A European perspective", Choi, J.J. and Papaioannou, M.G. (Ed.) Credit, Currency, or Derivatives: Instruments of Global Financial Stability Or crisis? (International Finance Review, Vol. 10), Emerald Group Publishing Limited, Leeds, pp. 479-503. https://doi.org/10.1108/S1569-3767(2009)0000010018
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited