Auch in der Eurozone haben einige Länder aufgrund einer besonders hohen Staatsverschuldung Schwierigkeiten, zu … für eine No-no-bail-out-Strategie, bei der "einmalige Hilfen mit einem Austritt des insolventen Landes aus der Eurozone …

mechanism would be a feasible and useful tool in a crisis. It would facilitate private sector involvement and convey all the … advantages that pre-defined procedures offer compared to ad hoc solutions in dealing with a crisis. …

spreads during the recent crisis. I find evidence that sovereigns' credit risk premia are non-stationary but cointegrated with … increases since the outbreak of the financial crisis. Yet, the largest part of sovereign CDS variance cannot be attributed to … two different regimes with a significant repricing of sovereign risk. With the onset of the European debt crisis there is …

Chapter 1: On the political economy of the Greek crisis: Introduction and background -- Chapter 2: The Eurozone crisis …This book offers a comprehensive guide to the on-going Greek debt crisis. It identifies and explains Greece … on to outline the banking system in Greece in the post-crisis era, and includes analysis that explains how the credit …