Matches in SemOpenAlex for { <https://semopenalex.org/work/W1485200305> ?p ?o ?g. }
Showing items 1 to 78 of
78
with 100 items per page.
- W1485200305 abstract "For decades, scholars, investors and policymakers treated sovereign default risk as a defining feature of emerging market economies. Recently, sovereign risk has re‐emerged as an empirical issue for advanced economies, raising new questions for academic research. This thesis investigates the link between political economy factors and financial market perceptions of sovereign risk during the Euro area debt crisis, representing one of the timeliest academic analyses of this episode. It combines an innovative international political economy framework applicable to developed democracies with in‐depth analysis of government bond market fluctuations during the Greek and Irish sovereign debt crises. The thesis argues that political factors influence sovereign risk premia in developed democracies, particularly in crisis periods. This is in contrast to the dominant claim that politics has no or little direct impact on government bond yields in advanced economies. Specifically, it highlights the importance of the domestic political system, finding a role for socio‐political contestation and its interaction with institutional checks and balances. Moreover, it expands the analysis to the international sphere, integrating the so far mostly separate analyses of the domestic and international sources of sovereign credibility. Specifically, it argues that external de‐facto veto players and the degree of proximity between sovereign borrower and international creditors are also significant. Finally, it shows that investment analysis evolves over time, so that the categorisation of sovereign borrowers as either developed democracies or emerging markets, found to prevail during a specific historical phase, may not hold in the longer term. Both the Greek and the Irish sovereigns suffered government bond market reversals in 2010, but their overall sovereign debt crisis experiences differed in length and severity. When compared with the Greek experience, Ireland’s lower degree of socio‐political contestation and greater proximity to international creditors contributed to supporting the sovereign’s financial market credibility." @default.
- W1485200305 created "2016-06-24" @default.
- W1485200305 creator A5020242528 @default.
- W1485200305 date "2013-01-01" @default.
- W1485200305 modified "2023-09-27" @default.
- W1485200305 title "Sovereign risk and financial crisis : the international political economy of the Euro area sovereign debt crisis" @default.
- W1485200305 hasPublicationYear "2013" @default.
- W1485200305 type Work @default.
- W1485200305 sameAs 1485200305 @default.
- W1485200305 citedByCount "1" @default.
- W1485200305 countsByYear W14852003052019 @default.
- W1485200305 crossrefType "dissertation" @default.
- W1485200305 hasAuthorship W1485200305A5020242528 @default.
- W1485200305 hasConcept C10138342 @default.
- W1485200305 hasConcept C121087249 @default.
- W1485200305 hasConcept C136264566 @default.
- W1485200305 hasConcept C138921699 @default.
- W1485200305 hasConcept C139719470 @default.
- W1485200305 hasConcept C162324750 @default.
- W1485200305 hasConcept C165341840 @default.
- W1485200305 hasConcept C17744445 @default.
- W1485200305 hasConcept C178350159 @default.
- W1485200305 hasConcept C18547055 @default.
- W1485200305 hasConcept C186229450 @default.
- W1485200305 hasConcept C199539241 @default.
- W1485200305 hasConcept C2778300220 @default.
- W1485200305 hasConcept C2778782394 @default.
- W1485200305 hasConcept C2994482091 @default.
- W1485200305 hasConcept C63143784 @default.
- W1485200305 hasConcept C69738904 @default.
- W1485200305 hasConcept C73283319 @default.
- W1485200305 hasConcept C94625758 @default.
- W1485200305 hasConceptScore W1485200305C10138342 @default.
- W1485200305 hasConceptScore W1485200305C121087249 @default.
- W1485200305 hasConceptScore W1485200305C136264566 @default.
- W1485200305 hasConceptScore W1485200305C138921699 @default.
- W1485200305 hasConceptScore W1485200305C139719470 @default.
- W1485200305 hasConceptScore W1485200305C162324750 @default.
- W1485200305 hasConceptScore W1485200305C165341840 @default.
- W1485200305 hasConceptScore W1485200305C17744445 @default.
- W1485200305 hasConceptScore W1485200305C178350159 @default.
- W1485200305 hasConceptScore W1485200305C18547055 @default.
- W1485200305 hasConceptScore W1485200305C186229450 @default.
- W1485200305 hasConceptScore W1485200305C199539241 @default.
- W1485200305 hasConceptScore W1485200305C2778300220 @default.
- W1485200305 hasConceptScore W1485200305C2778782394 @default.
- W1485200305 hasConceptScore W1485200305C2994482091 @default.
- W1485200305 hasConceptScore W1485200305C63143784 @default.
- W1485200305 hasConceptScore W1485200305C69738904 @default.
- W1485200305 hasConceptScore W1485200305C73283319 @default.
- W1485200305 hasConceptScore W1485200305C94625758 @default.
- W1485200305 hasLocation W14852003051 @default.
- W1485200305 hasOpenAccess W1485200305 @default.
- W1485200305 hasPrimaryLocation W14852003051 @default.
- W1485200305 hasRelatedWork W1703953704 @default.
- W1485200305 hasRelatedWork W1895702650 @default.
- W1485200305 hasRelatedWork W1984205840 @default.
- W1485200305 hasRelatedWork W1995453223 @default.
- W1485200305 hasRelatedWork W2086642727 @default.
- W1485200305 hasRelatedWork W2145057940 @default.
- W1485200305 hasRelatedWork W2370779741 @default.
- W1485200305 hasRelatedWork W2408797078 @default.
- W1485200305 hasRelatedWork W2409033055 @default.
- W1485200305 hasRelatedWork W241786577 @default.
- W1485200305 hasRelatedWork W2475540882 @default.
- W1485200305 hasRelatedWork W2613290631 @default.
- W1485200305 hasRelatedWork W2808235053 @default.
- W1485200305 hasRelatedWork W2955951414 @default.
- W1485200305 hasRelatedWork W2998288860 @default.
- W1485200305 hasRelatedWork W3122726897 @default.
- W1485200305 hasRelatedWork W3124551280 @default.
- W1485200305 hasRelatedWork W3124959372 @default.
- W1485200305 hasRelatedWork W3125772711 @default.
- W1485200305 hasRelatedWork W3193456794 @default.
- W1485200305 isParatext "false" @default.
- W1485200305 isRetracted "false" @default.
- W1485200305 magId "1485200305" @default.
- W1485200305 workType "dissertation" @default.