Sovereign debt crisis:the new normal and the newly poor
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Main Authors: | |
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Published: |
Palgrave Macmillan,
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Publisher Address: | New York, N.Y. |
Publication Dates: | 2011. |
Literature type: | Book |
Language: | English |
Series: |
Palgrave Macmillan studies in banking and financial institutions |
Subjects: | |
Carrier Form: | xv, 275 p.: ill. ; 23 cm. |
ISBN: |
9780230298408 (hbk.) 0230298400 (hardback) |
Index Number: | F811 |
CLC: | F811.5 |
Call Number: | F811.5/C551 |
Contents: |
Includes bibliographical references and index. The world's new normal economic system -- The newly poor -- The salient problem is rights without responsibilities -- Japanification -- Conventional and unconventional weapons in a central bank's arsenal -- Fiscal policies, spending policies and conflicting aims -- Restructuring sovereign balance sheets -- Woes of Euroland's financial integration -- Sovereign risk: case study on Greece -- Germany, France, Britain, Ireland and 'Club Med' -- The North Atlantic similarities are greater than you think -- The EU's banking industry and its stress testing -- The global systemic risk has been progra Restructuring the balance sheets of Western governments, banks and households is an important issue in the recovery after the recent crisis. This book focuses on sovereign debt, sovereign risk and the developing economic and financial business climate and explains why the year of the big crisis may fall in the middle of this decade. |