The European sovereign debt crisis: What have we learned?

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CFS Working Paper Series ; No. 567

Classification and Topics

• Classification: Wirtschaft ; Financial Crises ; International Financial Markets ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Financial Institutions and Services: Government Policy and Regulation
• Subject: sovereign debt crisis ; systemic risk ; contagion ; bank bail-outs ; financial regulation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kräussl, Roman ; Lehnert, Thorsten ; Stefanova, Denitsa
• Event: Veröffentlichung
• (who): Goethe University Frankfurt, Center for Financial Studies (CFS)
• (where): Frankfurt a. M.
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/149623
• Last update: 10.03.2025, 11:42 AM CET