This article provides an account of the development of the financial crisis in western Europe, primarily from a country-level and banking sector perspective, from 2007 to the spring of 2009. Measures enacted by governments and central banks to deal with impaired bank assets, recapitalize or...

Purpose – The purpose of this paper is to provide an account of the financial crisis in Western Europe, primarily from a country‐level and banking sector perspective, from 2007 to the spring of 2009. It aims to detail measures enacted by governments and central banks to deal with impaired...

Purpose – The purpose of this paper is to provide an account of the financial crisis in Western Europe, primarily from a country-level and banking sector perspective, from 2007 to the spring of 2009. It aims to detail measures enacted by governments and central banks to deal with impaired bank...