Abstract
The international financial crisis that started in the summer of 2007 with the sub-prime crisis in the US, and became more widespread in the summer of 2008, triggered a dramatic decline in financial market activity. Once the financial turmoil exploded, it spread rapidly to the rest of the economy, having a virulent impact. Many of the economies around the world are witnessing one of the worst recessions since the 1929 crash and the Great Depression of the 1930s.
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© 2010 Juan Fernández de Guevara and Joaquín Maudos
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de Guevara, J.F., Maudos, J. (2010). The Impact of European Financial Integration on Economic Growth. In: Fiordelisi, F., Molyneux, P., Previati, D. (eds) New Issues in Financial and Credit Markets. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230302181_4
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DOI: https://doi.org/10.1057/9780230302181_4
Publisher Name: Palgrave Macmillan, London
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