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The European Sovereign Debt Crisis and Its Impacts on Financial Markets (Hardcover)
Loot Price: R4,507
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The European Sovereign Debt Crisis and Its Impacts on Financial Markets (Hardcover)
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The global financial crisis saw many Eurozone countries bearing
excessive public debt. This led the government bond yields of some
peripheral countries to rise sharply, resulting in the outbreak of
the European sovereign debt crisis. The debt crisis is
characterized by its immediate spread from Greece, the country of
origin, to its neighbouring countries and the connection between
the Eurozone banking sector and the public sector debt. Addressing
these interesting features, this book sheds light on the impacts of
the crisis on various financial markets in Europe. This book is
among the first to conduct a thorough empirical analysis of the
European sovereign debt crisis. It analyses, using advanced
econometric methodologies, why the crisis escalated so prominently,
having significant impacts on a wide range of financial markets,
and was not just limited to government bond markets. The book also
allows one to understand the consequences and the overall impact of
such a debt crisis, enabling investors and policymakers to
formulate diversification strategies, and create suitable
regulatory frameworks.
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