Credit losses during the crisis 2007-2009 : from contagion to recovery

Abstrakt

This paper introduces the structure and main features of the European banking sector before the crisis begun, deals with development within the EU banking sector during the crisis. Paper defines in the form of revisions four main lessons that have been learnt from current turmoil.Finaly paper concludes the chapter and states our recommendations.

Klíčová slova

• credit losses
• financial crisis
• 2007-2009