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