The European sovereign debt crisis : what have we learned?

Roman Kräussl, Thorsten Lehnert, and Denitsa Stefanova

This paper sets the background for the Special Issue of the Journal of Empirical Finance on the European Sovereign Debt Crisis. It identifies the channel through which risks in the financial industry leaked into the public sector. It discusses the role of the bank rescues in igniting the sovereign debt crisis and reviews approaches to detect early warning signals to anticipate the buildup of crises. It concludes with a discussion of potential implications of sovereign distress for financial markets.

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Year of publication:	[2017]
Authors:	Kräussl, Roman ; Lehnert, Thorsten ; Stefanova, Denitsa
Publisher:	Frankfurt am Main, Germany : Center for Financial Studies, Goethe University
Subject:	Sovereign debt crisis \| systemic risk \| contagion \| bank bail-outs \| financial regulation \| Finanzkrise \| Financial crisis \| Öffentliche Schulden \| Public debt \| Bankenkrise \| Banking crisis \| Schuldenkrise \| Debt crisis \| Ansteckungseffekt \| Contagion effect \| Eurozone \| Euro area \| EU-Staaten \| EU countries \| Schuldenübernahme \| Bailout \| Systemrisiko \| Systemic risk \| Bankrisiko \| Bank risk \| Länderrisiko \| Country risk \| Internationale Staatsschulden \| International sovereign debt \| Welt \| World

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Extent:	1 Online-Ressource (circa 32 Seiten) Illustrationen
Series:	CFS working paper series. - Frankfurt, M. : [Verlag nicht ermittelbar], ZDB-ID 2196856-1. - Vol. no. 567
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/149623 [Handle]
Classification:	G01 - Financial Crises ; G15 - International Financial Markets ; G21 - Banks; Other Depository Institutions; Mortgages ; G28 - Government Policy and Regulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011588156