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be public debt through banking crises or the burst of housing bubblesleadingto sovereign crisis
orderto preventsovereign crises
A geopolitical eventcould triggera sovereign crisis
economic or policy crisessparksovereign crises
Similarly , extending the maturity profile for sovereign debt , so as to limit the need for refinancing in any year to no more than , say , 10 per cent of GDP worth of debt , will helppreventsovereign crises
Italy ’s weak banking systemsparksa sovereign crisis
the crisis , which the banking system and the funding system is currently facingoriginatesfrom a sovereign crisis
Similarly , extending the maturity profile for sovereign debt , so as to limit the need for refinancing in any year to no more than , say , 10 percent of GDP worth of debt , will helppreventsovereign crises
The government ... the only wayto preventa sovereign crisis
supposed slump and which are the only wayto preventa sovereign crisis
if rules prove insufficientto preventsovereign crises
perpetual QEto preventa sovereign crisis
trade warstriggeringsovereign crises
a private banking crisis(passive) triggered bya sovereign crisis
The rejection of QE by the ECBcausedthe sovereign crisis
As it has been discussed in class , long time of fiscal deficit may bring about many unfavorable consequencesfinally resultingin sovereign crisis
the eurozone private debt bubbleresultingin sovereign crisis
the circle ... that implicit sovereign supportcreateda sovereign crisis
their distribution arms ( commercial banks ... a lending operationcausesa sovereign crisis
the entire financial systemcreatingsovereign crisis
Italy ’s debt ... whose fiscal woessparkedthe sovereign crisis
soaring interest ratesresultingfrom the sovereign crisis
A rapid rise in inflationcould triggera sovereign crisis
leveragecausedthe sovereign crisis
to a banking crisis , not the other way aroundledto a banking crisis , not the other way around
to deep recessionledto deep recession
a banking crisis making Euro area banks less worthy from a counterparty / credit risk point of view in dollar funding marketscreateda banking crisis making Euro area banks less worthy from a counterparty / credit risk point of view in dollar funding markets
to deep - rooted market concerns about the political viability of the Euro arealedto deep - rooted market concerns about the political viability of the Euro area
to further volatility in financial markets over the next couple of months , as – through more persistent hits to consumer and business confidence – that could be the external shock that pushes the US economy into recessionleadsto further volatility in financial markets over the next couple of months , as – through more persistent hits to consumer and business confidence – that could be the external shock that pushes the US economy into recession
the stresses(passive) caused bythe stresses
more heterogeneity that needs to be addressed by the member states and could be alleviated by improving economic governance and reaching an agreement on a permanent stability frameworkhas createdmore heterogeneity that needs to be addressed by the member states and could be alleviated by improving economic governance and reaching an agreement on a permanent stability framework
to an increasing lack of confidence ... particularly in politicians to deliver what markets needledto an increasing lack of confidence ... particularly in politicians to deliver what markets need
significant downside riskshas createdsignificant downside risks
mostly in capital flight within the euro zonehas resultedmostly in capital flight within the euro zone
a strong effect(passive) caused bya strong effect
a new steady state , one where nominal policy rates have to be low to keep inflation expectations higherhas createda new steady state , one where nominal policy rates have to be low to keep inflation expectations higher
to a surge in Italian bond yields in recent weeks that further frayed Berlusconi ’s fractious coalition as top ministers bickered over how to protect the country from the contagionledto a surge in Italian bond yields in recent weeks that further frayed Berlusconi ’s fractious coalition as top ministers bickered over how to protect the country from the contagion
a “ disorderly meltdown ” in other countriessparksa “ disorderly meltdown ” in other countries
an utterly ill thought reactionalso promptedan utterly ill thought reaction
to a severe deterioration of almost all financial ratios and risk indicators for the four domestic systemic banksledto a severe deterioration of almost all financial ratios and risk indicators for the four domestic systemic banks
the uncertainty(passive) created bythe uncertainty
the “ difficult ” operating conditions(passive) caused bythe “ difficult ” operating conditions
a jump in the premium the region ’s banks pay to borrow in dollars in the swaps marketalso has causeda jump in the premium the region ’s banks pay to borrow in dollars in the swaps market
a much more fundamental problem for banks , which limits the scope for using interest rate penalties in the same wayhas createda much more fundamental problem for banks , which limits the scope for using interest rate penalties in the same way
to defaults in this sectorleadto defaults in this sector
to questionson the concept of the risk free rateledto questionson the concept of the risk free rate
to questions on the concept of the risk - free rateledto questions on the concept of the risk - free rate
to a double - dip for European earnings next yearleadsto a double - dip for European earnings next year
the loan contraction(passive) triggered bythe loan contraction
in this reportwas ... preventedin this report