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dc.contributor.authorCandelon, Bertranden_US
dc.contributor.authorPalm, Franzen_US
dc.date.accessioned2010-04-13en_US
dc.date.accessioned2010-08-18T11:18:07Z-
dc.date.available2010-08-18T11:18:07Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38910-
dc.description.abstractThe potential mutation of the Sub-Prime banking crisis into a sovereign debt one in Euro area countries is investigated. After reviewing the criteria used to measure the debt vulnerability, the balance sheet approach (BSA) is presented in order to illustrate the potential connections between these two types of crises. A graphical analysis yields evidence that at the end 2009 the probability of observing a Euro area country defaulting is less likely than six month before. Nevertheless, the serious threats, which concern Greece and Ireland, do not permit us to exclude the occurrence of a contagious, or self-fulfilling, sovereign debt or currency crises in Euro area in the future.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Fiscal Policy, Macroeconomics and Growth 3001en_US
dc.subject.jelE32en_US
dc.subject.jelF36en_US
dc.subject.ddc330en_US
dc.subject.keywordking crisisen_US
dc.subject.keywordsovereign debt crisisen_US
dc.subject.keywordEuropean Unionen_US
dc.subject.stwÖffentliche Schuldenen_US
dc.subject.stwLänderrisikoen_US
dc.subject.stwWährungskriseen_US
dc.subject.stwEuroen_US
dc.subject.stwBankenkriseen_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwEurozoneen_US
dc.titleBanking and debt crisis in Europe: The dangerous liaisons?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn623510405en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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