(2012), “Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870–2008”, American Economic Review. 10  Hahm, J.H., Shin, H.S., and K. Shin, 2013, “Non-Core Bank Liabilities and Financial Vulnerability”, Journal of Money, Credit and Banking. Shin, H.S., 2010 “Risk and Liquidity”, Clarendon Lecture in Finance, Oxford University Press.
The global overhaul of banking regulation and supervision resulting from the crisis, the demanding macroeconomic environment and the ongoing deleveraging and banking restructuring in some European countries are key factors which are shaping the future of the banking industry both in the short- and medium-term.