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Case Study: Euro Area From Financial to Sovereign Crisis and Back

Case Study: Euro Area From Financial to Sovereign Crisis and Back. Initial Shock from Abroad Systemic financial disruption Dollar funding Deep economic downturn and fiscal shock Transforms into fiscal crisis in periphery Contagion amid policy delay Twin crises: sovereign and banking.

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Common exposure - PowerPoint PPT Presentation

Case Study: Euro Area From Financial to Sovereign Crisis and Back