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Abstract

The financial crisis has brought to light a strong link between sovereign risk, bank risk and corporate risk. Initially, the crisis originated in the banking sector and then spread so quickly it acquired sovereign risk status, especially in majorly indebted countries, such as the periphery countries to the euro zone (Figure 2.1).

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

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Campra, M., Oricchio, G., Braja, E.M., Esposito, P. (2014). Sovereign Risk: Credit Risk Analysis and the Role of PPP Schemes. In: Sovereign Risk and Public-Private Partnership During the Euro Crisis. Palgrave Macmillan, London. https://doi.org/10.1057/9781137390813_2

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