In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial crisis erupted and pushed them into deep

In 2007, countries in the euro periphery were enjoying stable growth, low deficits, and low spreads. Then the Financial crisis erupted and pushed them into deep

This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including

An examination of the post-recession responsibilities of central banks, this book proposes adaptations to the central banking model that preserve the advantages

This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? Wh