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Erschienen in:
2015 | OriginalPaper | Buchkapitel
The International Political Economy of the Eurozone Sovereign Debt Crisis
Erschienen in: Sovereign Risk and Financial Crisis
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This book contributes to a better understanding of how international financial markets price sovereign risk in developed democracies, and especially in the developed democracies of the Eurozone. In particular, it identifies and highlights the influence of political economy factors in driving investors’ assessment of sovereign risk. Additionally, it extends the focus from the domestic sphere to include international factors. From the empirical perspective, it provides a timely look at one of the main events in the financial history of the last few decades, the Eurozone sovereign debt crisis. Indeed, the Eurozone crisis provides a strong real-life motivation for engaging with these issues, for both positive and normative purposes.