Credit Supply and the Rise in Sovereign Debt Risk in the Eurozone

Pierluigi Morelli, Giovanni B. Pittaluga and Elena Seghezza
Additional contact information
Pierluigi Morelli: Italian Bank Association (ABI)
Giovanni B. Pittaluga: Genoa University
Elena Seghezza: Italian Bank Association (ABI)

Chapter 4 in Bank Stability, Sovereign Debt and Derivatives, 2013, pp 93-114 from Palgrave Macmillan

Abstract: Abstract Since the financial crisis of 2007–2008, much has been written about the consequences of the fragility of the banking systems of several countries, as that fragility affects these countries’ deficit and debt and the resulting crisis. The need to save the banking system from a severe insolvency crisis has prompted the governments of many countries to support their economies by implementing expansionary fiscal policies, with the state taking on the losses of banks in difficulty. In many cases this has resulted in a significant increase in public deficits and debts.

Keywords: Central Bank; Total Asset; Banking System; Credit Default Swap; Government Bond (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-33215-8_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137332158

DOI: 10.1057/9781137332158_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().