European University Institute Library

Sovereign risk and financial crisis, the international political economy of the eurozone, Silvia Pepino

eng

Includes bibliographical references (pages 156-169) and index

index present

non fiction

Sovereign risk and financial crisis

bibliography

907391316

Silvia Pepino

International political economy series

the international political economy of the eurozone

Sovereign Risk and Financial Crisis provides an original and timely insight into the role that the domestic and international political economy played in the Eurozone sovereign debt crisis. It combines an innovative theoretical framework with in-depth bond market analysis to highlight the importance of the international and socio-political context for sovereign credibility in financial markets and global investment decisions. It opens up the debate on the influence of international and domestic political dynamics on the origins, unfolding and resolution of financial crisis, in developed democracies as well as in emerging markets. Silvia Pepino demonstrates the importance of the domestic political system, highlighting the role played by socio-political contestation and its interaction with institutional checks and balances. Moreover, the author expands the field of analysis to the international sphere, integrating the study of domestic and international sources of sovereign credibility. Finally, she argues that investment analysis evolves over time, so that the categorisation of sovereign borrowers as either developed democracies or emerging markets may not hold in the longer term.--, Provided by publisher