By Salvaging Overleveraged Banks, Sovereigns Propagate Global Systemic Risk

Dimitris N. Chorafas

Chapter 11 in Basel III, the Devil and Global Banking, 2012, pp 219-240 from Palgrave Macmillan

Abstract: Abstract The legacy of the ongoing financial crisis, which started in 2007, has been a series of imbalances which continue to damage the global economy; most particularly, the economies of Western countries. Quite often, the way these imbalances are handled has been a desperate effort to avoid default, and this is providing the opportunity to some of the market agents to play the system.

Keywords: Gross Domestic Product; Central Bank; Sovereign Debt; Credit Institution; Banking Crisis (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-35842-3_11

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DOI: 10.1057/9780230358423_11

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