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Crisis de la deuda soberana y apalancamiento en la zona euro: un intento de cuantificación

Author

Listed:
  • Marta Gómez-Puig

    (Departamento de Teoría Económica, Universitat de Barcelona y RiskCenter-IREA, Barcelona, España)

Abstract

La perspectiva que proporcionan los más de tres años transcurridos desde el inicio de la crisis de la deuda en la zona euro permite afirmar que el origen de la misma va mucho más allá de los desequilibrios fiscales en los países de la eurozona. La interconexión entre deuda privada y deuda pública es una evidencia. Adicionalmente, dada la elevada integración bancaria existente en el contexto de los países de la Unión Económica y Monetaria Europea (UEM), la propagación de la crisis a través del sistema bancario resulta sencilla. Estos hechos han motivado el análisis realizado en este trabajo que presenta un intento de cuantificación del nivel de endeudamiento global (público y privado) de todos los países de la eurozona, a partir de una base de datos construida con las estadísticas que proporciona el Banco Central Europeo y de la exposición de la banca internacional sobre la deuda de los países de la UEM, utilizando los datos suministrados por el Banco de Pagos Internacional.

Suggested Citation

  • Marta Gómez-Puig, 2013. "Crisis de la deuda soberana y apalancamiento en la zona euro: un intento de cuantificación," Cuadernos de Economía - Spanish Journal of Economics and Finance, Asociación Cuadernos de Economía, vol. 36(101), pages 67-83, Agosto.
  • Handle: RePEc:cud:journl:v:36:y:2013:i:101:p:67-83
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    Citations

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    Cited by:

    1. Marta Gómez-Puig & Simón Sosvilla-Rivero, 2015. "“On the bi-directional causal relationship between public debt and economic growth in EMU countries”," IREA Working Papers 201512, University of Barcelona, Research Institute of Applied Economics, revised May 2015.
    2. Marta Gómez-Puig & Simón Javier Sosvilla-Rivero, 2016. "Debt-growth linkages in EMU across countries and time horizons," Working Papers del Instituto Complutense de Estudios Internacionales 1602, Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales.
    3. Marta Gómez-Puig & Simón Sosvilla-Rivero, 2015. "“Short-run and long-run effects of public debt on economic performance: Evidence from EMU countries”," IREA Working Papers 201522, University of Barcelona, Research Institute of Applied Economics, revised Sep 2015.
    4. Gómez-Puig, Marta & Sosvilla-Rivero, Simón, 2015. "The causal relationship between debt and growth in EMU countries," Journal of Policy Modeling, Elsevier, vol. 37(6), pages 974-989.

    More about this item

    Keywords

    Crisis deuda soberana; Deuda pública; Deuda privada; Deuda exterior;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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