intensification of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable … due to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …

The crisis has recalled that private sector indebtedness may constitute a core macrofinancial vulnerability. In some … markedly rising nonperforming loans during the crisis, following years of high credit growth. The inclusion of sector debt …. We scrutinize the fast buildup of debt prior to the financial crisis as well as the gradual adjustment that has taken …

volatility of the exchange rate of the national currency, the advance in the probability of a currency crisis and the … to an external debt crisis. In addition, other indicators are used to assess the debt characteristics of an economy. The …-financial crisis triggered in 2008, and the other is the COVID- 19 pandemic. The results show that Romania is vulnerable to the …

of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable due … to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …

of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable due … to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …

-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields … between distressed countries, indicating potential crisis spill-over effects. However, we do not detect spillover effects from … Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …

-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields … between distressed countries, indicating potential crisis spillover effects. However, we do not detect spillover effects from … Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …