The Euro Zone Debt Crisis and the Situation of the European Banks
AbstractThe sovereign debt crisis in Europe has deepened so far in 2011 and even more so since mid year. The reason behind this continuous deterioration is a combination of vulnerabilities in macroeconomic fundamentals (including some questionings about debt sustainability in Greece and other countries), misgivings about the effectiveness of the policy responses up to date and also the possibility of a spillover of the negative effects to other sectors and countries. The situation of the European banks is especially relevant due to their exposure to the debts of the economies in distress and to their dependence on wholesale funding. Though the analysis of the banking institutions reveals that their condition is highly heterogeneous, the current interconnection among the banks themselves and with the financial markets in general leads to higher perceived risks for the financial stability in Europe, with a potential impact at global level.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Central Bank of Argentina, Economic Research Department in its journal Ensayos Económicos.
Volume (Year): 1 (2011)
Issue (Month): 61-62 (January - June)
banks; Europe; financial crisis; sovereign risk;
Find related papers by JEL classification:
- F01 - International Economics - - General - - - Global Outlook
- G01 - Financial Economics - - General - - - Financial Crises
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jorge Carrera & Federico Grillo, 2010. "A Second Stage of the Crisis Characterized by Uncertainty," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(57-58), pages 189-227, January -.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Federico Grillo).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.