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Introduction

  • Maura Campra
  • Gianluca Oricchio
  • Eugenio Mario Braja
  • Paolo Esposito
Chapter
  • 114 Downloads

Abstract

The financial crisis in Europe has led to a sharp increase in the levels of both sovereign risk and banking risk. The high correlation between sovereign risk and banking risk has produced a negative effect on the general economic system in terms of (i) lower public expenditure, (ii) less credit to corporate s and SMEs and (iii) reduced private and public investment.

Keywords

Euro Area Public Debt Real Economy Quantitative Ease Sovereign Rating 
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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Copyright information

© Maura Campra, Gianluca Oricchio, Eugenio Mario Braja and Paolo Esposito 2014

Authors and Affiliations

  • Maura Campra
    • 1
  • Gianluca Oricchio
    • 2
  • Eugenio Mario Braja
    • 1
  • Paolo Esposito
    • 1
  1. 1.University of Eastern PiedmontItaly
  2. 2.Bio-Medico UniversityItaly

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