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We construct a dynamic model that examines the interdependencies between the default risk of several Eurozone members and their financial institutions during the European sovereign debt crisis. The rescue package issued by the EFSF on 9 May 2010 has significant impacts on the default risk of the...
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The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global...
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Hudsons Prognosen erregen weltweit Aufmerksamkeit: als Erster und Einziger hat er den genauen Zeitpunkt vorausgesagt, an dem die fatale Immobilienblase platzen sollte. Eindringlich analysiert er, wie die internationale Finanzwelt die Errungenschaften der klassischen Ökonomie verspielt. An...
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