Euro Zone Debt Crisis: Implications for Indian Banking Sector

Swamy, Vighneswara (2013): Euro Zone Debt Crisis: Implications for Indian Banking Sector.

Abstract

Abstract

The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators, policy makers and the sovereigns. Though, the crisis is epicentered in the Eurozone, the knock-on effects of the crisis are felt all across the globe. The emerging and developing economies (EDEs) are also expected to post lower growth on account of worsening external environment and a weakening internal demand. This paper while presenting the contemporary literature on the topic, analyses the causes for sovereign debt crisis and presents the implications of sovereign debt crises and draws lessons for banking sectors more particularly in the context of emerging markets like that of India.

• Item Type: MPRA Paper
• Language: English
• Keywords: Sovereign debt crisis, Credit Risk, Endogenous Default, Banking Crisis
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions; F - International Economics > F6 - Economic Impacts of Globalization > F62 - Macroeconomic Impacts; G - Financial Economics > G0 - General > G01 - Financial Crises; G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions

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