||About the Author|Monica Billio is Full Professor of Econometrics at Ca’ Foscari University of Venice, Italy. She is participating in many research projects financed by the European Commission, Eurostat and the Italian Ministry of Research. She was scienti
In April 2010 Europe was shocked by the Greek financial turmoil. At that time, the global financial crisis, which started in the summer of 2007 and reached systemic dimensions in September 2008 with the Lehman Brothers’ crash, took a new course. An adverse feedback loop between sovereign and bank risks reflected into bubble-like spreads, as if financial markets had received a wake-up call concerning the disregarded structural vulnerability of economies at risk....
You easily download any file type for your device.Systemic Risk Tomography: Signals, Measurement and Transmission Channels | Monica Billio, Loriana Pelizzon, Roberto Savona. A good, fresh read, highly recommended.
