Routledge European Sovereign Debt Crisis - Finance & Law Book

Understand the complex relationship between national governments and financial institutions with The European Sovereign Debt Crisis. This Routledge Research in Finance and Banking Law text examines the bi-directional financial contagion transmission mechanism that links sovereigns to commercial banks. Readers will find a detailed analysis of why the euro area has seen more progress in controlling risks moving from sovereigns to banks than in managing the channel of contagion moving from banks back to sovereigns. This book provides a deep look into the legal and regulatory measures implemented across Europe and the euro area. It explains how these frameworks aim to mitigate the exposure of sovereigns to financial crises caused by commercial banks. This academic resource is a vital tool for professionals and students studying the legal frameworks of the euro area. It offers a clear view of the regulatory steps taken to break the vicious circle between banks and sovereign states, making it an essential addition to any collection on business, finance, and law.