Sovereign Risk and Financial Crisis (eBook)

Dr Silvia Pepino is Senior Adviser at the Bank of England, UK. Previously, she worked at JPMorgan and at leading global macro funds. She has frequently been quoted in the international media. She holds a PhD from the London School of Economics and Political Science, the TRIUM MBA degree from New York University-Stern, HEC Paris and the LSE, and an MSc from Bocconi University in Milan.

PART I: SOVEREIGN RISK, POLITICS AND THE EUROZONE CRISISi. Introduction1. Sovereign Risk, Developed Democracies and Financial Crisis2. Sovereign Risk and the Debt Crisis in the Eurozone3. The Focus of the Book4. The Approach in the Book5. Outline of the Book

PART II: BOND SPREADS, EMU DESIGN AND THE RUN-UP TO THE CRISIS

1. Introduction2. Adaptive Markets and Sovereign Risk Models3. The Political Sources of Sovereign Credibility in Financial Markets4. International Influences on Sovereign Risk Perceptions5. Theoretical Pillars

PART III: BOND SPREADS, EMU DESIGN AND THE RUN-UP TO THE CRISISi. Introduction1. Government Bond Spreads and EMU Design2. Greece and Ireland: The Macro and Political Economy3. Politics and Spreads Before 2008

PART IV: THE GREEK SOVEREIGN DEBT CRISIS

1. Introduction2. Evolving Investment Analysis and the Greek Sovereign Debt Crisis3. Domestic Political Economy of the Greek Sovereign Debt Crisis4. International Political Economy of the Greek Sovereign Debt Crisis5. Key results from the Greek Case Study

PART V: THE IRISH SOVEREIGN DEBT CRISIS

1. Introduction2. Evolving Investment Analysis and the Irish Sovereign Debt Crisis3. Domestic Political Economy of the Irish Sovereign Debt Crisis4. International Political Economy of the Irish Sovereign Debt Crisis5. Key results from the Irish Case Study

PART VI: THE IPE OF THE EUROZONE SOVEREIGN DEBT CRISIS

1. Introduction2. Lessons from the Greek and Irish Cases3. Application to other Eurozone Sovereigns4. Next Steps in IPE Research5. Implications for Policy6. Final Remarks