Solving the Financial and Sovereign Debt Crisis in Europe:
This paper examines the policies that have been proposed to solve the financial and sovereign debt crisis in Europe, against the backdrop of what the real underlying problems are: extreme differences in competitiveness; the absence of a growth strategy; sovereign, household and corporate debt at hig...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2012
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper examines the policies that have been proposed to solve the financial and sovereign debt crisis in Europe, against the backdrop of what the real underlying problems are: extreme differences in competitiveness; the absence of a growth strategy; sovereign, household and corporate debt at high levels in the very countries that are least competitive; and banks that have become too large, driven by dangerous trends in 'capital markets banking'. The paper explains how counterparty risk spreads between banks and how the sovereign and banking crises are serving to exacerbate each other. Of all the policies proposed, the paper highlights those that are coherent and the magnitudes involved if the euro is not to fracture. |
| Beschreibung: | 1 Online-Ressource (24 p.) 21 x 28cm. |
| DOI: | 10.1787/fmt-2011-5k9cswmzsdwj |
Internformat
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| 520 | |a This paper examines the policies that have been proposed to solve the financial and sovereign debt crisis in Europe, against the backdrop of what the real underlying problems are: extreme differences in competitiveness; the absence of a growth strategy; sovereign, household and corporate debt at high levels in the very countries that are least competitive; and banks that have become too large, driven by dangerous trends in 'capital markets banking'. The paper explains how counterparty risk spreads between banks and how the sovereign and banking crises are serving to exacerbate each other. Of all the policies proposed, the paper highlights those that are coherent and the magnitudes involved if the euro is not to fracture. | ||
| 650 | 4 | |a Finance and Investment | |
| 773 | 0 | 8 | |i Enthalten in |t OECD Journal: Financial Market Trends |g Vol. 2011, no. 2, p. 201-224 |
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| indexdate | 2024-07-16T15:07:34Z |
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| spelling | Blundell-Wignall, Adrian VerfasserIn aut Solving the Financial and Sovereign Debt Crisis in Europe Adrian, Blundell-Wignall Paris OECD Publishing 2012 1 Online-Ressource (24 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper examines the policies that have been proposed to solve the financial and sovereign debt crisis in Europe, against the backdrop of what the real underlying problems are: extreme differences in competitiveness; the absence of a growth strategy; sovereign, household and corporate debt at high levels in the very countries that are least competitive; and banks that have become too large, driven by dangerous trends in 'capital markets banking'. The paper explains how counterparty risk spreads between banks and how the sovereign and banking crises are serving to exacerbate each other. Of all the policies proposed, the paper highlights those that are coherent and the magnitudes involved if the euro is not to fracture. Finance and Investment Enthalten in OECD Journal: Financial Market Trends Vol. 2011, no. 2, p. 201-224 volume:2011 year:2011 number:2 pages:201-224 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/fmt-2011-5k9cswmzsdwj Volltext |
| spellingShingle | Blundell-Wignall, Adrian Solving the Financial and Sovereign Debt Crisis in Europe Finance and Investment |
| title | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_auth | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_exact_search | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_full | Solving the Financial and Sovereign Debt Crisis in Europe Adrian, Blundell-Wignall |
| title_fullStr | Solving the Financial and Sovereign Debt Crisis in Europe Adrian, Blundell-Wignall |
| title_full_unstemmed | Solving the Financial and Sovereign Debt Crisis in Europe Adrian, Blundell-Wignall |
| title_short | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_sort | solving the financial and sovereign debt crisis in europe |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-2011-5k9cswmzsdwj |
| work_keys_str_mv | AT blundellwignalladrian solvingthefinancialandsovereigndebtcrisisineurope |