{"product_id":"the-european-sovereign-debt-crisis-9781032030555","title":"The European Sovereign Debt Crisis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cem\u003eThe European Sovereign Debt Crisis: Breaking the Vicious Circle between Sovereigns and Banks\u003c\/em\u003e explains why the euro area's progress towards reining in the risks arising from the well-documented bi-directional financial contagion transmission mechanism that links sovereigns to commercial banks has been more prominent compared to the channel of contagion moving from banks to sovereigns.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eProviding an analysis of the legal and regulatory measures that Europe and the euro area have taken to mitigate the exposure of sovereigns to financial crises generated by commercial banks, this book draws attention to areas where improvements to the arsenal of tools hitherto introduced are either desirable or necessary. Chapters further explain  with recourse to economic and legal arguments  why the channel of contagion moving from sovereigns to commercial banks has proven harder to close, and explores ways in which progress could be made in the direction of closing it s\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIntroduction \u003c\/p\u003e\u003cp\u003e(1) The Sovereign-Banks Nexus: An Economic Analysis \u003c\/p\u003e\u003cp\u003e(2) The European Sovereign Debt Crisis as a Source of Case Studies \u003c\/p\u003e\u003cp\u003e(3) An Economic Analysis of Policy Options \u003c\/p\u003e\u003cp\u003e(4) Closing the First Channel of Contagion: Hitherto European Actions and Their Critique \u003c\/p\u003e\u003cp\u003e(5) Closing the Second Channel of Contagion: Legal Assessment of Policy Options \u003c\/p\u003e\u003cp\u003eConcluding Remarks\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":51018803478871,"sku":"9781032030555","price":39.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781032030555.jpg?v=1750778202","url":"https:\/\/bookcurl.com\/products\/the-european-sovereign-debt-crisis-9781032030555","provider":"Book Curl","version":"1.0","type":"link"}