Abstract
Tensions on global financial markets, most notably those in Europe, have eased in recent months. A firm policy commitment to maintain the integrity of the Euro Area has allayed fears of a disorderly break-up, bringing yields on the most vulnerable sovereign bonds down. This in turn has softened the risk of an imminent and widespread banking crisis.
Original language | English |
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Pages (from-to) | F10-F15 |
Number of pages | 6 |
Journal | National Institute Economic Review |
Volume | 223 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1 Feb 2013 |
Keywords
- world economy
- global financial markets
- banking crisis