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During the euro-area financial crisis, interactions among sovereign spreads, sovereign credit ratings, and bank credit ratings appeared to have been characterized by selfgenerating feedback loops. To investigate the existence of feedback loops, we consider a panel of five euro-area stressed...
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Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro … during 2009–12 were due to idiosyncratic factors, market developments in Italy and Spain contributed significantly, likely …’s sovereign CDS despite initial widespread concerns about such linkages. Spain and Italy show a notable co-dependence in …
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euro. It goes on to describe and explain the crises in four countries - Greece, Ireland, Spain and Italy - showing how they …Introduction: Europe, the euro and a crisis -- A financial and economic crisis in Greece -- Ireland: from prosperity to … crisis -- Spain, the euro and a crisis -- How Italy experienced the euro crisis -- Conclusion: the crisis and lessons for the …
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euro. It goes on to describe and explain the crises in four countries--Greece, Ireland, Spain and Italy--showing how they …
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