The Dynamics of Bank and Sovereign Credit Risk

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The Dynamics of Bank and Sovereign Credit Risk

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dc.contributor.author Kallestrup, René
dc.date.accessioned 2012-05-22
dc.date.accessioned 2012-05-24T07:39:01Z
dc.date.available 2012-05-24T07:39:01Z
dc.date.issued 2012-05-24
dc.identifier.isbn 9788792842633
dc.identifier.isbn 9788792842626
dc.identifier.issn 0906-6934
dc.identifier.uri http://hdl.handle.net/10398/8450
dc.description.abstract The Global Financial Crisis which started in 2007 is a defining economic event of our lifetime. Recessions and public bailouts of banking systems have resulted in concerns about the solvency of sovereigns in recent years as many Eurozone countries face substantial fiscal pressures. The exact causes of the Global Financial Crisis are still debated but it is unlikely to be the outcome of one single event. In a review of the Global Financial Crisis based on 21 books on the topic, Lo (2011) summarises the underlying causes and policy prescriptions: ”there is still significant disagreement as to what the underlying causes of the crisis were, and even less agreement as to what to do about it ... Like World War II, no single account of this vast and complicated calamity is sufficient to describe it.” The listed causes range from global capital flows, poor regulation, regulatory capture, inequality, high leverage, skewed economic incentives of borrowers and lenders, etc. Gorton and Metrick (2012) also contain an interesting summary of the literature written in recent years and in ”Lessons from the Financial Crisis” edited by Berd (2010) several chapters from academic researchers analyse the ongoing crisis. en_US
dc.format.extent 147 en_US
dc.language eng en_US
dc.publisher Copenhagen Business School en_US
dc.relation.ispartofseries PhD Series;18.2012
dc.title The Dynamics of Bank and Sovereign Credit Risk en_US
dc.type phd en_US
dc.accessionstatus modt12maj24 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Finansiering en_US
dc.contributor.departmentshort FI en_US
dc.contributor.departmentuk Department of Finance en_US
dc.contributor.departmentukshort FI en_US
dc.idnumber 9788792842633 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2012 en_US


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