Διασώσεις χρηματοοικονομικών ιδρυμάτων – Μελέτη περιπτώσεων
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Keywords
Οικονομική κρίση ; Μέτρα διάσωσης ; Χρηματοπιστωτικά ιδρύματα ; Αναμενόμενη υποστήριξη ; Ηθικός κίνδυνος ; Προσδοκίες αγοράςAbstract
The financial crisis that originally emerged in USA, in 2007, peaking out in 2008, has significantly affected the developed countries and the financial markets. It triggered vast reactions to the global economy and to the financial markets. Also, the financial crisis exposed the public debt problems that European Union countries faced, creating the European sovereign debt crisis. In this paper, we would analyze the measures that were taken to stabilize the economy and to rescue the financial organizations that were at default. We would also mention the impacts of these measures in the financial markets, as well as in the financial figures and balance sheets of the financial institutions. We would examine six countries, USA, UK, Greece, Ireland, Spain, and Portugal. Although the measures were broadly similar, each country adopted a different approach to their application, taking into account the specificity of the macroeconomic aggregates of the economy in question. The purpose of our empirical study is to determine the relationship between the expected support of banks by governments, both in terms of the financial institutions themselves and by size for the respective governments. This approach allows us to assess the relative importance of the moral hazard concerns embodied in Fitch's ratings and hence the market's expectation of government support.
Postgraduate Studies Programme
Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική Ανάλυση για ΣτελέχηDepartment
Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής ΔιοικητικήςNumber of pages
103Language
Greek
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Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές