The European Sovereign Debt Crisis: Breaking the Vicious Circle between Sovereigns and Banks

ISBN-13: 9780367523466 / Angielski / Twarda / 2021 / 236 str.

Phoebus L. Athanassiou; Angelos T. Vouldis

Opis

This book explains why the euro area’s progress in reining-in the risks arising from the well-documented bi-directional financial contagion transmission mechanism that links sovereigns to commercial banks has been more prominent in respect of the channel of contagion moving from banks to sovereigns.