By Salvaging Overleveraged Banks, Sovereigns Propagate Global Systemic Risk
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.
KeywordsGross Domestic Product Central Bank Sovereign Debt Credit Institution Banking Crisis
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