Managing Risks in the European Periphery Debt Crisis de G. Christodoulakis

Managing Risks in the European Periphery Debt Crisis: Lessons from the Trade-off between Economics, Politics and the Financial Markets

G. Christodoulakis

The European Periphery Debt Crisis (EPDC) has its roots in the structural characteristics of the individual economies affected. This book offers a full diagnosis of the EPDC, its association to the national and international structural characteristics and a full analysis from a risk management point of view of the available policy options.

Citește tot Restrânge

Cuprins

Part I: Genesis of the Crisis, Use and Abuse of Economic Policies 1 The Genesis of the Eurozone Sovereign Debt Crisis: Philippe d'Arvisenet 2 The Trade-Off between Fiscal and Competitiveness Adjustments: Daniel Gros with Cinzia Alcidi 3 Ireland and Greece: A Tale of Two Fiscal Adjustments: Jeffrey D. Anderson and Jessica Stallings 4 Rating Agencies vs. Sovereign Debt Markets: A Tale of Interacting Risk Preferences: George Christodoulakis 5 The 2012 Greek Debt Restructuring and its Aftermath: Miranda Xafa 6 Economic Theories that Influenced the Judges of Karlsruhe: Paul De Grauwe 7 Privatization of State Assets in the Presence of Crisis: George Christodoulakis Part II: Crisis Resolution, Prospect and Retrospect 8 How to Manage Public Debts in the Euro Area?: Catherine Mathieu and Henri Sterdyniak 9 Fiscal Risk Sharing and Stabilization in the EMU: Kerstin Bernoth and Philipp Engler 10 Sovereign Debt and its Restructuring Framework in the Eurozone: Ashoka Mody 11 Funding Risks for Corporates in the Periphery: Disintermediation to the Rescue for the Larger Ones, Challenges for the Others: Blaise Ganguin 12 On Solving Europe's Financial Issues to Promote Sustainable Growth: Adrian Blundell-Wignall and Caroline Roulet 13 European Banking Union as a Response to the Fragmentation of the Internal Market Resulting from the Financial and Sovereign Debt Crisis: Dimitris Tsibanoulis with Gerry Kounadis

Notă biografică

Philippe D'Arvisenet, BNP Paribas, FranceDaniel Gros, Centre for European Policy Studies, BelgiumCinzia Alcidi, Centre for European Policy Studies, BelgiumJeffrey Anderson, Institute of International Finance, USAJessica Stallings, Institute of International Finance, USAMiranda Xafa, E. F. Consulting, GreecePaul De Grauwe, London School of Economics, UKCatherine Mathieu, OFCE (Observatoire français des conjonctures économiques), FranceHenri Sterdyniak, OFCE (Observatoire français des conjonctures économiques), FranceKerstin Bernoth, Hertie School of Governance, GermanyPhilipp Engler, Freie Universität Berlin, GermanyAshoka Mody, Princeton University, USABlaise Ganguin, Standard & Poor's, FranceAdrian Blundell-Wignall, OECD, FranceCaroline Roulet, OECD, FranceDimitris Tsibanoulis, Tsibanoulis & Partners, GreeceGerry Kounadis, Tsibanoulis & Partners, Greece