Financial Stability and the Sovereign Default Risk

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F15%3A%230000699" target="_blank" >RIV/26138077:_____/15:#0000699 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Financial Stability and the Sovereign Default Risk

Popis výsledku v původním jazyce

The paper firstly discusses1 the channels of contagion of sovereign default risk to the financial system. Secondly it focuses on how, as the two-way interaction between the financial sector and the government sector grows, so does the dependence betweenfinancial stability and fiscal stability. Thirdly, the paper illustrates that when assessing sovereign risk on the balance sheets of domestic financial institutions, one needs to consider the dependence of debt sustainability not only on the size of thedebt in relation to GDP, but also on the macroeconomic conditions affecting interest rates and economic growth. Fourthly, the paper then discusses current and newly proposed prudential policy tools suitable for reducing sovereign risk in financial institutions? balance sheets. Finally, this paper also discusses the experience of countries hit by debt crises as well as the channels of contagion of sovereign default risk to the financial system.

Název v anglickém jazyce

Financial Stability and the Sovereign Default Risk

Popis výsledku anglicky

The paper firstly discusses1 the channels of contagion of sovereign default risk to the financial system. Secondly it focuses on how, as the two-way interaction between the financial sector and the government sector grows, so does the dependence betweenfinancial stability and fiscal stability. Thirdly, the paper illustrates that when assessing sovereign risk on the balance sheets of domestic financial institutions, one needs to consider the dependence of debt sustainability not only on the size of thedebt in relation to GDP, but also on the macroeconomic conditions affecting interest rates and economic growth. Fourthly, the paper then discusses current and newly proposed prudential policy tools suitable for reducing sovereign risk in financial institutions? balance sheets. Finally, this paper also discusses the experience of countries hit by debt crises as well as the channels of contagion of sovereign default risk to the financial system.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GA13-06229S" target="_blank" >GA13-06229S: Mezinárodní přenos šoků v rámci makrofinančních vazeb</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the International Conference on Global Business, Economics, Finance and Social Sciences

ISBN

978-1-941505-22-9

ISSN

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e-ISSN

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Počet stran výsledku

20

Strana od-do

1-20

Název nakladatele

Global Business Research Journals (GBRJ)

Místo vydání

Bangkok

Místo konání akce

Bangkok

Datum konání akce

1. 1. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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