出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：This paper identifies the most important similarities between the four PIGS countries: Portugal, Italy, Greece and Spain, in terms of principle macroeconomic indicators in the current crisis. This article also treats the principle transmission channels of sovereign risk and implicitly the financial crises. These transmission channels are the following: increase in sovereign bond yields, critically budgetary position, banks' exposures toward PIIGS economies and other states banks' exposures to sovereign debt of the PIIGS states. Studying the transmission channels of sovereign risk, results that, the European Framework is under institutional reform, but it should be improved in terms of instruments which quantify financial stability and crises prevention.
关键词：financial contagion; public debt; financial stability; public deficit; exposure.
