Skip to main content
  • Book
  • © 2013

Financial Crises, Sovereign Risk and the Role of Institutions

  • New research on financial crises and sovereign default risk and their interdependencies

  • Discussion of institutional features of the EMU and the world financial system

  • Interesting suggestions for crises solution and the improvement of financial stability

  • Includes supplementary material: sn.pub/extras

Buying options

eBook USD 109.00
Price excludes VAT (USA)
  • ISBN: 978-3-319-03104-0
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book USD 139.99
Price excludes VAT (USA)

This is a preview of subscription content, access via your institution.

About this book

The recent world economic crisis showed very clearly that financial crises and sovereign defaults are severe threats to economic and social prosperity. In addition, it became apparent that currency crises and banking crises often occur together and are closely related to sovereign debt crises and defaults.

The present book contains new research on various important issues related to financial crises and sovereign default risk by leading experts in the field. The book discusses new modelling approaches to financial crises, defaults and their interdependencies. It also sheds light on the consequences of different sorts of crises for the trust in the institutions which are concerned with managing them. Moreover, it provides discussions of several institutional features of the EMU and the world financial system and in particular the risks inherent in these institutions. The book also includes interesting suggestions for solving crises and improving financial stability. ​

Keywords

  • Crisis Management
  • Euro Crisis
  • Financial Crises
  • Financial Stability
  • Sovereign Default Risk

Editors and Affiliations

  • Department of International Economics, University of Erfurt, Erfurt, Germany

    Dominik Maltritz

  • Faculty of Economics and Social Science, Helmut-Schmidt-University Hamburg, Hamburg, Germany

    Michael Berlemann

About the editors

Prof. Dr. Dominik Maltritz studied business and physics at the University of Goettingen, Germany. He earned his doctoral degree and his habilitation from Dresden University of Technology, Germany. Currently he is Professor for International economics at the University of Erfurt. His research interests include international economics, monetary economics and financial markets. Special research interests are international financial crises and sovereign defaults and especially their interdependencies. Furthermore he researches on international capital flows and capital costs and yield spreads applications of option pricing theory and asset pricing.

Prof. Dr. Michael Berlemann studied economic sciences at Ruhr University Bochum, Germany. After completing his Ph.D. at Dresden University of Technology he joined the Dresden Branch of the ifo Institute of Economic Research. Since 2007 he holds a Chair for Political Economy and Empirical Economics at Helmut-Schmidt-University Hamburg. His primary fields of interest are Macroeconomics, Monetary Economics and Political Economy. He has published various articles in international refereed journals on financial crises such as Bulgarian Crisis or the recent Subprime Crisis. He also studies the effects of monetary policy on asset markets and early warning systems of price bubbles.

Bibliographic Information

Buying options

eBook USD 109.00
Price excludes VAT (USA)
  • ISBN: 978-3-319-03104-0
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book USD 139.99
Price excludes VAT (USA)