“…Euro area sovereign spreads have widened, but not to “unwarranted” levels, unlike the situation that prevailed during the European debt crisis. A replay of the funding fears, which drove the euro area debt crisis a decade ago, seems unlikely today with the extensive toolkit now in place.…”
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“…The novelty of this paper is to link macroeconomic variables and CDS spreads in a new context of analysis to uncover new channels affecting sovereign risk across countries during the European debt crisis. We show that the key channel in driving sovereign risk spillovers is trade linkages between the countries. …”
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“…Crises such as European debt crisis, Brexit, and COVID-19 have challenged established relations between finance and the state in attempts at mitigating a broad range of crises-related risks. …”
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“…This paper analyzes sovereign risk contagion across financial markets in the eurozone during and after the European debt crisis. A particular focus is made on the causal impact of pre-Brexit and Covid-19 pandemic on the dependence between European markets. …”
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“…With the impact one by one from financial crisis and European debt crisis, the steady bank business is also facing the severe challenge. …”
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“…Finally, these findings highlight the fact that contagion effects were more intensive during the subprime crisis than they were during the European debt crisis.…”
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“…Regional energy stocks were highly connected following the Asian financial crisis (AFC), global financial crisis (GFC), European debt crisis (EDC), shale oil revolution (SOR), and COVID-19 pandemic. …”
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“…In Europe the situation is more than ever complicated, as a multitude of monetary policy emergency measures implemented during the financial and European debt crisis of 2007 to 2012 are still in place, such as negative interest rates and central bank bond buying programs. …”
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“…The Systematic Network Risk Index spots Global Financial Crisis, European Debt Crisis, and COVID-19 pandemic as intensive events yielding high tail risk. …”
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“…In particular, we address the question whether the objective function specification and the corresponding penalties applied are well suited in case of a large exogenous shock an economy can experience because of, e.g., the European debt crisis. While one can still efficiently minimize quadratic deviations around policy targets, the economy itself has to go through a period of turbulence with economic indicators, such as unemployment, inflation or public debt, changing considerably over time. …”
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“…In this article, I present evidence from participant observation and interviews with urban gardeners conducted in 2014–2015 in Ljubljana, Slovenia, where urban agriculture proliferated during the European debt crisis that began in 2009. I interpret the material through an ecological perspective that focuses on labour in nature and highlights the interconnected, situated role of the gardener. …”
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“…We observe that the most influential companies during global financial crisis were in the sector of energy and financial services while during European debt crisis, the companies are in the communication services. …”
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