Rato The European Debt Crisis

How Portugal Navigated the post-2008 Financial Crisis
1. Auflage 2020
ISBN: 978-3-030-61174-3
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 128 Seiten, eBook

Reihe: Progress in Mathematics

This book explores Portugal’s response to the 2008 economic crisis and how the country regained the trust of the global capital markets through investor support. The experiences and successes of Portugal are compared with the other Eurozone countries, in particular Greece which had to negotiate a series of assistance programs, to highlight the strategies which helped lessen the impact of the debt crisis.This book aims to provide insight into the global investor ecosystem and to how financial globalization works in practice, illustrating how the multinational investor universe, the financial media, rating agencies, and how investment banks interact. It will be relevant to students and researchers interested in financial markets and political economy, and also financial market practicioners and policy makers.

Zielgruppe

Research

Autoren/Hrsg.

Rato, João Moreira

Inhaltsverzeichnis

1. The background.- 2. Roadmap, preparations.- 3. Investors.- 4. Managing the different ecosystems: the international press, the rating agencies and the domestic public opinion.- 5. Restarting the engines: first issuance.- 6. The road to normalization had its ups and downs. 7. The final push.- 8. Success: Investors support allowed Portugal to avoid a second Troika programme.

Über Autor(innen)

João Moreira Rato  is a visiting professor at NOVA University Lisbon IMS and a research associate at the Systemic Risk Centre at the LSE. He was previously CEO and Chairman of the Portuguese Debt Management Office and Treasury and has acted as an advisor for sovereigns in the Middle East.