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The eurozone sovereign debt crisis, characterized by enormous debt burdens faced by its weakest economies, has also … peripheral eurozone countries have dropped in value and are being reclassified from their prior riskless weight assigned by Basel …
Persistent link: https://www.econbiz.de/10013117156
The eurozone, composed of 17 countries which have adopted the euro as their currency, has been struggling with an … the housing boom in the past global recession of 2007-09. “Fiscally-distressed” countries now include Italy and Spain …, both too big to bail out, along with Greece, Ireland and Portugal. Major contributing factors are the sizes of net …
Persistent link: https://www.econbiz.de/10013117947
This is the written version of my keynote lecture held at the Italian Society for Law and Economics in Turin in December 2011. I wish to thank Giovanni Ramello, Peter Behrens, Axel Moeller, an anonymous referee and the participants of the conference for valuable comments
Persistent link: https://www.econbiz.de/10013106274
countries in the Eurozone. Eurobonds could increase lending capacities but would require a change of the European treaty, which … conflagration. This option would also shift some of the burden to creditors outside the Eurozone rather than to shift all risk on … the people in solvent countries within the Eurozone …
Persistent link: https://www.econbiz.de/10013107098
The Eurozone debt crisis is entering its third year. The original objective of the official sector's response to the … crisis -- containment -- has failed. All of the countries of peripheral Europe are now in play; three of them (Greece … peripheral countries, Spain and Italy, has sparked a new round of official sector containment measures. These will involve active …
Persistent link: https://www.econbiz.de/10013065302
that have English choice-of-law terms. Because Greece can change the terms of Greek-law bonds unilaterally by changing …
Persistent link: https://www.econbiz.de/10013068989
in the recent Eurozone debt crisis. The study uses discourse and content analysis to unveil the ideational patterns …
Persistent link: https://www.econbiz.de/10013076339
This paper examines the contagion of the eurozone debt crisis to developed and emerging stock markets around the world … eurozone debt crisis, this paper finds strong and pervasive evidence of negative contagion from the crisis countries to other … crisis. The Asian markets do not show pervasive evidence of contagion from the eurozone crisis …
Persistent link: https://www.econbiz.de/10013049332
Contagion is an elusive concept and several definitions have been used in the literature. According to Forbes and Rigobon (2002) contagion is defined as a significant increase in cross-market linkages after a shock to one country. In this paper we provide a selective literature review on...
Persistent link: https://www.econbiz.de/10013052697
Persistent link: https://www.econbiz.de/10014430827