Euro Zone Debt Crisis: Implications for Indian Banking Sector
AbstractAbstract The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators, policy makers and the sovereigns. Though, the crisis is epicentered in the Eurozone, the knock-on effects of the crisis are felt all across the globe. The emerging and developing economies (EDEs) are also expected to post lower growth on account of worsening external environment and a weakening internal demand. This paper while presenting the contemporary literature on the topic, analyses the causes for sovereign debt crisis and presents the implications of sovereign debt crises and draws lessons for banking sectors more particularly in the context of emerging markets like that of India.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 47658.
Date of creation: 15 Jun 2013
Date of revision:
Sovereign debt crisis; Credit Risk; Endogenous Default; Banking Crisis;
Find related papers by JEL classification:
- E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- G01 - Financial Economics - - General - - - Financial Crises
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
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