Financial Crises, Sovereign Risk and the Role of Institutions

The recent world economic crisis showed very clearly that financial crises and sovereign defaults are severe threats to economic and social prosperity. In addition, it became apparent that currency crises and banking crises often occur together and are cl

  • PDF / 3,456,169 Bytes
  • 199 Pages / 439.43 x 683.15 pts Page_size
  • 57 Downloads / 247 Views

DOWNLOAD

REPORT


Financial Crises, Sovereign Risk and the Role of Institutions

Financial Crises, Sovereign Risk and the Role of Institutions

ThiS is a FM Blank Page

Dominik Maltritz • Michael Berlemann Editors

Financial Crises, Sovereign Risk and the Role of Institutions

Editors Dominik Maltritz Faculty of Economics, Law and Social Sciences University of Erfurt Erfurt, Germany

Michael Berlemann Faculty of Economics and Social Science Helmut-Schmidt-University Hamburg Hamburg, Germany

ISBN 978-3-319-03103-3 ISBN 978-3-319-03104-0 (eBook) DOI 10.1007/978-3-319-03104-0 Springer Cham Heidelberg New York Dordrecht London Library of Congress Control Number: 2013957807 # Springer International Publishing Switzerland 2013 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)

In honor of our esteemed teacher, colleague and friend Alexander Karmann

ThiS is a FM Blank Page

Preface

According to Wikipedia, a Festschrift “is a book honoring a respected person, especially an academic, and presented during his or her lifetime.” Since we have edited this book to honor Alexander Karmann, our highly respected academic teacher, on the occasion of his 65th birthday this book, entitled “Financial Crises, Sovereign Risk and the Role of Institutions”, is obviously a Festschrift. Alexander Karman