scholarly journals Country Risk on the Bank Borrowing Cost Dispersion Within the Euro Area during the Financial and Debt Crises

2018 ◽  
Vol VI (Issue 4) ◽  
pp. 76-92 ◽  
Author(s):  
George Michalopoulos ◽  
Konstantinos Tsermenidis
Keyword(s):  
Euro Area ◽  
Country Risk ◽  
Debt Crises ◽  
Borrowing Cost

Measuring Country Risk

2018 ◽  
pp. 40-57
Author(s):  
Nerea San-Martín-Albizuri ◽  
Arturo Rodríguez-Castellanos
Keyword(s):  
Shock Waves ◽  
Country Risk ◽  
Subprime Crisis ◽  
Private Debt ◽  
Market Participants ◽  
Pros And Cons ◽  
Debt Crises ◽  
The Way

The concept of “country risk” has once again come under the spotlight. Globalization, the shock-waves of the subprime crisis, manifested in sovereign and private debt crises, and the fear to a “contagion” of risk between market participants are, among others, the reasons that make topical this form of risk. The aim of this chapter is to offer an overview of the factors that influence country risk, and an analysis of the methods most commonly used to measure it, with a discussion of their pros and cons. The conclusion is that none of those methods have offered satisfactory results. In this regard, the authors propose a change in the way to analyze country risk. Rather than attempting to predict debt crises, it is necessary to identify the sources of risk, and accept uncertainty as a feature of the current environment.

Measuring Country Risk

2018 ◽  
pp. 81-98
Author(s):  
Nerea San-Martín-Albizuri ◽  
Arturo Rodríguez-Castellanos
Keyword(s):  
Shock Waves ◽  
Country Risk ◽  
Subprime Crisis ◽  
Private Debt ◽  
Market Participants ◽  
Pros And Cons ◽  
Debt Crises ◽  
The Way

The concept of “country risk” has once again come under the spotlight. Globalization, the shock-waves of the subprime crisis, manifested in sovereign and private debt crises, and the fear to a “contagion” of risk between market participants are, among others, the reasons that make topical this form of risk. The aim of this chapter is to offer an overview of the factors that influence country risk, and an analysis of the methods most commonly used to measure it, with a discussion of their pros and cons. The conclusion is that none of those methods have offered satisfactory results. In this regard, the authors propose a change in the way to analyze country risk. Rather than attempting to predict debt crises, it is necessary to identify the sources of risk, and accept uncertainty as a feature of the current environment.

scholarly journals Managing Deep Debt Crises in the Euro Area: Towards a Feasible Regime

Global Policy ◽  
2018 ◽  
Vol 9 ◽  
pp. 70-79 ◽  
Author(s):  
Jeromin Zettelmeyer
Keyword(s):  
Euro Area ◽  
Debt Crises

Spreads and bank ratings in the Euro area sovereign debt crises

2018 ◽  
Author(s):  
Heather D. Gibson ◽  
Stephen G. Hall ◽  
George S. Tavlas
Keyword(s):  
Euro Area ◽  
Sovereign Debt ◽  
Debt Crises ◽  
Bank Ratings

Discretionary fiscal policy in the Euro area: Past, present and future

2020 ◽  
pp. 55-85
Author(s):  
Francesco Caprioli ◽  
Marzia Romanelli ◽  
Pietro Tommasino
Keyword(s):  
Fiscal Policy ◽  
Euro Area ◽  
Discretionary Fiscal Policy

Towards a New Architecture of the Euro Area

2018 ◽  
Vol 31 (2) ◽  
pp. 43-44 ◽  
Author(s):  
Alberto Majocchi
Keyword(s):  
Euro Area

Ten Years from Now : How Will the Euro Area Be?

2010 ◽  
Vol 96 (1) ◽  
pp. 63-69
Author(s):  
Lorenzo Bini Smaghi
Keyword(s):  
Euro Area
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