Euro Zone Debt Crisis: Implications for Indian Banking Sector
Vighneswara Swamy ()
MPRA Paper from University Library of Munich, Germany
Abstract The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators, policy makers and the sovereigns. Though, the crisis is epicentered in the Eurozone, the knock-on effects of the crisis are felt all across the globe. The emerging and developing economies (EDEs) are also expected to post lower growth on account of worsening external environment and a weakening internal demand. This paper while presenting the contemporary literature on the topic, analyses the causes for sovereign debt crisis and presents the implications of sovereign debt crises and draws lessons for banking sectors more particularly in the context of emerging markets like that of India.
Keywords: Sovereign debt crisis; Credit Risk; Endogenous Default; Banking Crisis (search for similar items in EconPapers)
JEL-codes: E22 E32 E42 F33 F62 G01 G11 (search for similar items in EconPapers)
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