Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/149623
Authors: 
Kräussl, Roman
Lehnert, Thorsten
Stefanova, Denitsa
Year of Publication: 
2017
Series/Report no.: 
CFS Working Paper Series 567
Abstract: 
This paper sets the background for the Special Issue of the Journal of Empirical Finance on the European Sovereign Debt Crisis. It identifies the channel through which risks in the financial industry leaked into the public sector. It discusses the role of the bank rescues in igniting the sovereign debt crisis and reviews approaches to detect early warning signals to anticipate the buildup of crises. It concludes with a discussion of potential implications of sovereign distress for financial markets.
Subjects: 
sovereign debt crisis
systemic risk
contagion
bank bail-outs
financial regulation
JEL: 
G01
G15
G21
G28
Document Type: 
Working Paper

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