PRISONER’S DILEMMA FOR EU BANK GROUPS

  • Мирослав Неделчев
Keywords: prisoner’s dilemma, bank groups, corporate governance

Abstract

What happenned after 2007 requires that new kind of instruments are
applied in order to face the global financial crisis. Non-coordinated actions undertaken by a
single bank group have additionally sharpened the effects of the crisis and have resulted in
the must of joint efforts which are better known as the "prisoner's dilema".

References

1. Препоръка на Европейския съвет за системен риск от 21 септември 2011 година
относно предоставяне на кредити в чуждестранна валута (ЕССР/2011/1).
2. Claessens, S., N. Van Horen. Foreign Banks: Trends, Impact and Financial Stability.
International Monetary Fund Working Paper 12/10, 2012.
3. EBRD. Vienna Initiative – moving to a new phase. April 2012.
4. Groendahl, B. Greek Plan Modeled on Vienna Program May Buy Time: Euro Credit.
Bloomberg, 2011.
5. Kudrna, Z. Financial crisis: testing the relationship between foreign banks and the new
EU members. Employment and economy in Central and Eastern Europe, 1(1), p. 1-19.
6. Nagy, P. Vienna Initiative: Timeline for the First Phase and the Start of ‘Vienna Plus’.
EBRD, 2011.
7. Statement at the Conclusion of a Meeting of the European Bank Coordination "Vienna"
Initiative. Press Release No.12/11. January 16, 2012.
8. The European Bank Coordination (“Vienna”) Initiative. Report by the Public-Private
Sector Working Group on Local Currency and Capital Market Development. 16-17
March 2011, Brussels.
Published
2023-02-04
How to Cite
Неделчев, М. (2023). PRISONER’S DILEMMA FOR EU BANK GROUPS. Vanguard Scientific Instruments in Management, 6(6). Retrieved from https://vsim-journal.info/index.php?journal=vsim&page=article&op=view&path[]=484