This paper studies euro area CDS spreads during the financial crisis. We examine the impact of the crisis on both commercial banks and sovereigns, and focus on two questions. First, have the ECB's open market operations reduced market stress? It seems that large repo volumes, especially if...

The financial market crisis of 2008/2009 triggered efforts at re-regulation at all political levels, national, European, and international. Reform demands had been radical and comprehensive but effective regulatory change was halting, and then in summer 2011 the related connected sovereign debt...

This paper seeks to contribute to the debate on the impact of globalisation on sovereignty by analysing how sovereign debt crises affect perceptions of sovereignty in the countries where they occur. I argue that sovereign debt crises are perceived as threats to sovereignty by citizens and...