Template-Type: ReDIF-Article 1.0 Author-Name: Marios Clerides Author-Email: m.clerides@cytanet.com.cy Author-Workplace-Name: Hellenic Bank Author-Name: Constantinos Stephanou Author-Email: cstephanou@worldbank.org Author-Workplace-Name: World Bank Title: The Financial Crisis and the Banking System in Cyprus Abstract: This paper briefly reviews the causes and propagation mechanisms of the global financial crisis, and the types of policy responses that have been undertaken to date in order to mitigate its adverse effects. It subsequently examines the way that it has been transmitted to the Cypriot banking system, and looks at the impact of the crisis on Cypriot banks so far. Classification-JEL: Keywords: Financial crisis, credit expansion, Cyprus banking sector, offshore Journal: Cyprus Economic Policy Review Pages: 27-50 Volume: 3 Issue: 1 Year: 2009 Month: June File-URL: http://www.ucy.ac.cy/erc/documents/FullTextCleridesStephanou.pdf File-Format: Application/pdf Handle: RePEc:erc:cypepr:v:3:y:2009:i:1:p:27-50