Top PDF THE SOVEREIGN DEBT CHALLANGE: AN OVERVIEW
THE SOVEREIGN DEBT CHALLANGE: AN OVERVIEW
... of the recent years. Over-liquidity facilitated credits, the selection of borrowers being more and more ...context, the country risk analyst is increasingly concerned about sovereign crisis ...
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Effect of European Sovereign Debt Crisis on Banks’ Stock Market Performances
... studies the impact of the European sovereign debt crisis on Portuguese banks’ share ...employ an event study methodology to assess the behavior of banks’ share prices before, and ...
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Financialization in the European periphery and the sovereign debt crisis: the Portuguese case
... joined the European Economic Community (now European Union) and started integration into the European Single Market, which required the gradual dismantling of the constraints on the ...
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Debt crisis and 10-year sovereign yields in Ireland and in Portugal
... from the 2009–2010 economic and financial crisis, Portugal and Ireland needed financial support to roll over public debt and they both adopted economic and financial adjustment programmes (EFAPs) 1 in 2011 ...
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Financialisation in the european periphery and the sovereign debt crisis: the portuguese case
... with the model’s predictions, Portugal had strong economic dynamism, particularly until the late ...at an earlier stage, namely in 2000, when the Portuguese economy faced structural problems ...
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SOME ASPECTS CONCERNING SOVEREIGN DEBT AND THE RELATIVITY OF INDEBTEDNESS INDICATORS
... to the fact that it has an important feature called ...modufy the legal environment, or even print ...often the state is favored relative to private agents in the context of a loan, ...
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Informational spillovers in the pre-1914 London sovereign debt market
... In the London peripheral sovereign debt market during pre-1914 period financial intermediation played a major informational role to investors, most likely because of the absence of ...
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Financial contagion in the BRICS stock markets: an empirical analysis of the Lehman Brothers collapse and European sovereign debt crisis
... In the past three decades, various countries have been hit by severe financial crises: the Mexican “Tequila Crisis” in 1994, the East Asian Crisis in 1997, the Russian Crisis in 1998, ...
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Relating sovereign debt ratings to different practices of exchange rate policy: an empirical analysis
... to sovereign default risk is described by Haque et al. (1996) as the debt-servicing capacity ...is the unintended deterioration of the country’s capacity to service its debt that ...
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Sovereign debt with adverse selection : a quantitative approach
... During the last 20 years the importance of the reoccurring phenomenon of debt default has prompted an enormous volume of theoretical and empirical literature on sovereign ...by ...
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The determinants of sovereign bond yield spreads in the EMU
... covering the period prior to and following the global financial ...follow the general literature on government bond yields modelling the latter on three main variables (see ...First, an ...
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Essays on corporate funding and bank lending relationships
... recently, the literature on financial-real economy linkage recorded a new wave, exploring the impact of the financial and the euro area sovereign debt crises on credit ...
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Rev. Adm. Pública vol.51 número1
... in the wake of a deep inancial crisis, focused on the use of market mechanisms for market delivery, the fragmentation of public units, pressure on eiciency, and pressure on private-sector management ...
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A risk management approach to emerging market's sovereign debt sustainability with an application to Brazilian data
... seriously the realization that the debt accumulation equation for any country involves variables that are stochastic and closely ...consideration, the notion of debt sustainability is ...
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'Going beyond the Troika'
... was the first to note that weakness is often a strength in negotiation, as ‘the power to constrain an adversary may depend on the power to bind oneself’ (see also Giavazzi & Pagano ...– ...
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Banco BPI and the Reimbursement of Contingent Convertible Subordinated Bonds (CoCos)
... 12). The former, about 6 months after Greece, negotiated a three year financial assistance package of €85 billion, mainly caused by a huge banking exposure to the domestic property bubble and the ...
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Flight-to-quality and contagion in the european sovereign debt crisis: the cases of Portugal and Greece
... of the Greek and German markets during the crisis periods identified for the Greek ...Observing the yields (Figure 9), we can see that it is the subprime crisis at the end of ...
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Globalization, regime-switching, and EU stock markets: the impact of the sovereign debt crises
... of the emerging markets crises with the characteristic sudden stops of capital inflows are inconsistent with smooth movements in current accounts and the level of foreign ...with the ...
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Publicaciones on line comunicaciones presentadas 61b AECA2015 Teixeira&Monte
... of the assumption of the absence of multicollinearity among the independent variables, we could not test the hypothesis H2 and therefore conclude whether the increase in government ...
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An analysis of equity markets cointegration in the european sovereign debt crisis
... triggered the emergence of tests that clearly identify the stationarity property of a time series ...data. The Augmented Dickey Fuller (ADF) and Phillips-Perron (PP) are among the most usual ...
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