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By Salvaging Overleveraged Banks, Sovereigns Propagate Global Systemic Risk

  • Dimitris N. Chorafas
Chapter
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

The legacy of the ongoing financial crisis, which started in 2007, has been a series of imbalances which continue to damage the global economy; most particularly, the economies of Western countries. Quite often, the way these imbalances are handled has been a desperate effort to avoid default, and this is providing the opportunity to some of the market agents to play the system.

Keywords

Gross Domestic Product Central Bank Sovereign Debt Credit Institution Banking Crisis 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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Copyright information

© Dimitris N. Chorafas 2012

Authors and Affiliations

  • Dimitris N. Chorafas

There are no affiliations available

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