Please boost your Plan to download papers
Literature review example - Investigation into the Sovereign Debt Credit Ratings of Five EU Member States and China over the Period 2005-2012
Finance & Accounting
Pages 15 (3765 words)
Date CHAPTER 2: LITERATURE REVIEW Since the outbreak of Euro zone sovereign debt crisis, many scholars write papers about cause, influence and related economic theory of the crisis and sovereign debt crisis in history. The most relevant with dissertation are as follows (Portes, 1986): 2.1 Cause of the Crisis The general characteristics of sovereign debt crisis either are debt-servicing difficulties in a country by defaults or by over critical threshold of its bond spread (Pescatori et al…
Extract of sample
Caprio and Klingebiel (2003), McKinsey (2010), Mihalakas (2012) find that common problems existing in crisis countries are financial imbalances, government debt over the country's debt paying ability, huge public spending, which eventually lead to the occurrence of crisis. Calvo (1998), Eichengreen et al. (2005) and De Grauwe (2011) and Wolf (2011) all think that monetary union is one of the important factors. Detlef (2012) argues that large-scale sovereign debt is due to the endogenous structural problems. Leigh (2010) through the statistical methods to find low growth is another incentive to crisis. The financial crisis accompanied by the enormous public debt in the Euro zone particularly the Greece that occurred in 2009 resulted in a great confusion in the vast world financial market, this even became of in the year 2010 (Buckley & Arner, 2011). ...
Not exactly what